Tatum, NM Foreclosures
How much do homes sell for in Tatum, NM?
The average home price is currently $123,704.
What’s the average rental cost in Tatum, NM?
The average rental price in Tatum is $885.
What is the most expensive home in Tatum?
The most expensive home sold in Tatum had a price of $645,945.
What is currently the cheapest priced home in Tatum, NM?
The cheapest home for sale in Tatum is priced at $37,552.
Living in Tatum, NM
Tatum, NM is a charming small town that offers a serene and close-knit community ideal for families and individuals who appreciate rural living. It is situated in the heart of New Mexico's picturesque landscapes, providing plenty of outdoor activities and a laid-back lifestyle. With essential amenities and friendly residents, Tatum presents a welcoming environment for those looking to settle down in a tranquil setting.
Current Market Conditions in Tatum, NM
The real estate market in Tatum remains stable, with a steady increase in home values over the past year. The area's affordability compared to nearby cities makes it an attractive option for first-time homebuyers and real estate investors alike who are interested in rural properties.
Recent trends indicate a growing interest in Tatum as an escape from larger cities, with new residents drawn to its quiet charm and natural surroundings. As a result, the market is seeing increased demand, particularly for family homes and properties with acreage.
Home Value Estimator For Tatum, NM
There are currently 227 real estate properties
in Tatum, NM,
with a median automated valuation model (AVM) price
of $95,050.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Tatum, 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 Tatum, NM,
is $123,704.00, with the most expensive house
in Tatum, NM, topping out
at $645,945.00 and the cheapest home
in Tatum, NM,
clocking in at $37,552.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Tatum, NM!
Rent Prices
In Tatum, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Tatum, NM, is on
a rollercoaster ride. The
average rent price in Tatum, NM,
is $885.00. Indeed, when looking to rent in
Tatum, NM, you can expect to pay as little
as $590.00 or as much
as $1,490.00,
with the average rent median estimated to
be $840.00. The good news is that finding
an affordable and desirable property to rent in Tatum, 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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