There are currently 47,312 real estate properties in Santa Fe, NM, with a median automated valuation model (AVM) price of $437,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Santa Fe, 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 Santa Fe, NM, is $515,195.00, with the most expensive house in Santa Fe, NM, topping out at $22,156,900.00 and the cheapest home in Santa Fe, NM, clocking in at $77,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Santa Fe, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Santa Fe, NM, is on a rollercoaster ride. The average rent price in Santa Fe, NM, is $1,908.00. Indeed, when looking to rent in Santa Fe, NM, you can expect to pay as little as $750.00 or as much as $4,900.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Santa Fe, 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 Santa Fe, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Santa Fe, NM and much more. Save thousands at closing with home foreclosure listings in Santa Fe, NM — up to 75% off market value!
Santa Fe is located in Santa Fe, New Mexico, with an estimated municipal population of 84,683 residents. All of the best foreclosed homes for sale in Santa Fe are located in the following zip code areas on Foreclosure.com: 87505 87507 87501 87502 87503 87509. The estimated population per square kilometer (.62 miles) in Santa Fe is 625.
So, about how much do homes cost in Santa Fe? The most recent median value of resident-owned homes in Santa Fe is 280,800. An estimated 62.7 percent of households in Santa Fe own their homes, with an average family size of 3.13. The median household income in Santa Fe is 57,972, with25.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Santa Fe, the median commute time of resident workers (in minutes) is 19.3. And last, but certainly not least, are you looking for homes to rent in Santa Fe? If so, the average rent price paid by renters in Santa Fe is 1,080, 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 Santa Fe, 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 Santa Fe is 44.1, split between 47.5 percent male versus 52.5 female. The percentage of residents who report being married in Santa Fe is 39.8, with an average family size of 3.13.
The percentage of residents who report their race in Santa Fe is as follows:
|Black / African American||1.2%|
|American Indian / Alaskan Native||1.8%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Santa Fe? Or maybe you are searching for 55+ active adult communities in and/or near Santa Fe?
The percentage of residents who report their age in Santa Fe 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 Santa Fe with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Santa Fe.
How do you know that living in -- or moving to -- Santa Fe is right where you need to be? Perhaps you grew up in Santa Fe or already live nearby; therefore, the decision to buy a home in Santa Fe is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Santa Fe 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 Santa Fe:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Santa Fe.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Santa Fe can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Santa Fe, meanwhile, can field multiple offers from more qualified buyers.
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