There are currently 821 real estate properties in La Luz, NM, with a median automated valuation model (AVM) price of $154,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in La Luz, 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 La Luz, NM, is $176,211.00, with the most expensive house in La Luz, NM, topping out at $2,991,000.00 and the cheapest home in La Luz, NM, clocking in at $28,700.00. In other words, there’s something for every potential homebuyer or savvy investor in La Luz, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in La Luz, NM, is on a rollercoaster ride. The average rent price in La Luz, NM, is $1,007.00. Indeed, when looking to rent in La Luz, NM, you can expect to pay as little as $480.00 or as much as $2,380.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in La Luz, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the La Luz, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in La Luz, NM and much more. Save thousands at closing with home foreclosure listings in La Luz, NM — up to 75% off market value!
La Luz is located in Otero, New Mexico, with an estimated municipal population of 1,222 residents. All of the best foreclosed homes for sale in La Luz are located in the following zip code areas on Foreclosure.com: 88310 88337. The estimated population per square kilometer (.62 miles) in La Luz is 44.
So, about how much do homes cost in La Luz? The most recent median value of resident-owned homes in La Luz is 81,333. An estimated 75 percent of households in La Luz own their homes, with an average family size of 3.29. The median household income in La Luz is 29,559, with11.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in La Luz, the median commute time of resident workers (in minutes) is 13.8. And last, but certainly not least, are you looking for homes to rent in La Luz? If so, the average rent price paid by renters in La Luz is 589, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to La Luz, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in La Luz is 55.2, split between 52.5 percent male versus 47.5 female. The percentage of residents who report being married in La Luz is 38.4, with an average family size of 3.29.
The percentage of residents who report their race in La Luz is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||6.9%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near La Luz? Or maybe you are searching for 55+ active adult communities in and/or near La Luz?
The percentage of residents who report their age in La Luz is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in La Luz with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in La Luz.
How do you know that living in -- or moving to -- La Luz is right where you need to be? Perhaps you grew up in La Luz or already live nearby; therefore, the decision to buy a home in La Luz is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to La Luz for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in La Luz:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like La Luz.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in La Luz can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in La Luz, meanwhile, can field multiple offers from more qualified buyers.