Reserve, NM Foreclosures
How much do homes sell for in Reserve, NM?
The average home price is currently $161,822.
In Reserve, NM, how many homes are available?
There are currently 1 active home listings available in Reserve.
What’s the average rental cost in Reserve, NM?
The average rental price in Reserve is $841.
What is the most expensive home in Reserve?
The most expensive home sold in Reserve had a price of $488,387.
What is currently the cheapest priced home in Reserve, NM?
The cheapest home for sale in Reserve is priced at $53,579.
Living in Reserve, NM
Reserve is a small, unincorporated community nestled in the Gila National Forest in New Mexico. Known for its stunning natural scenery, this area offers a tranquil lifestyle away from the hustle and bustle of city life. With a close-knit community atmosphere, Reserve serves as a gateway to outdoor adventures such as hiking, camping, and wildlife viewing.
Current Market Conditions in Reserve, NM
The real estate market in Reserve is generally stable, featuring a mix of affordable single-family homes and cabins, primarily catering to those looking for a peaceful retreat or investment property. The area's natural beauty continues to attract buyers seeking second homes or those wanting to retire in a scenic environment.
As of late 2023, the demand for properties in Reserve has shown slight growth, particularly among buyers interested in outdoor lifestyle properties. Houses listed in this area continue to show appreciation as more people seek refuge from urban living.
Home Value Estimator For Reserve, NM
There are currently 163 real estate properties
in Reserve, NM,
with a median automated valuation model (AVM) price
of $131,550.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Reserve, NM, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Reserve, NM,
is $161,822.00, with the most expensive house
in Reserve, NM, topping out
at $488,387.00 and the cheapest home
in Reserve, NM,
clocking in at $53,579.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Reserve, NM!
Rent Prices
In Reserve, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Reserve, NM, is on
a rollercoaster ride. The
average rent price in Reserve, NM,
is $841.00. Indeed, when looking to rent in
Reserve, NM, you can expect to pay as little
as $480.00 or as much
as $1,160.00,
with the average rent median estimated to
be $830.00. The good news is that finding
an affordable and desirable property to rent in Reserve, NM
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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