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Foreclosure Homes in Algodones, NM

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Enchanted-cir-Algodones-NM-87001
Preforeclosure
$766,785 EMV

Enchanted Cir
Algodones, NM 87001

4 Bed | 4 Bath | 6,661 Sq. Ft.

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Home Value Estimator For Algodones, NM

There are currently 168 real estate properties in Algodones, NM, with a median automated valuation model (AVM) price of $278,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Algodones, 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 Algodones, NM, is $330,282.00, with the most expensive house in Algodones, NM, topping out at $971,000.00 and the cheapest home in Algodones, NM, clocking in at $118,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Algodones, NM!


Rent Prices In Algodones, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Algodones, NM, is on a rollercoaster ride. The average rent price in Algodones, NM, is $1,337.00. Indeed, when looking to rent in Algodones, NM, you can expect to pay as little as $690.00 or as much as $2,460.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Algodones, 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.


Foreclosure Homes in Algodones, NM

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Algodones, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Algodones, NM and much more. Save thousands at closing with home foreclosure listings in Algodones, NM — up to 75% off market value!


Top Reasons To Live In Algodones, NM In 2021

Algodones is located in Sandoval, New Mexico, with an estimated municipal population of 704 residents. All of the best foreclosed homes for sale in Algodones are located in the following zip code areas on Foreclosure.com: 87001. The estimated population per square kilometer (.62 miles) in Algodones is 37.


Cost Of Living In Algodones, NM

So, about how much do homes cost in Algodones? The most recent median value of resident-owned homes in Algodones is 253,236. An estimated 78.5 percent of households in Algodones own their homes, with an average family size of 2.96. The median household income in Algodones is 42,283, with25.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Algodones, the median commute time of resident workers (in minutes) is 32.9. And last, but certainly not least, are you looking for homes to rent in Algodones? If so, the average rent price paid by renters in Algodones is 540, according to recent statistics.


Diversity And Demographics In Algodones, New Mexico

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 Algodones, 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 Algodones is 48.4, split between 51 percent male versus 49 female. The percentage of residents who report being married in Algodones is 52.2, with an average family size of 2.96.

The percentage of residents who report their race in Algodones is as follows:

White 74.4%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 12.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.3%
Other 12.1%

Looking for family-friendly neighborhoods in and/or near Algodones? Or maybe you are searching for 55+ active adult communities in and/or near Algodones?

The percentage of residents who report their age in Algodones is as follows:

Under 10 5.1%
Aged 10-19 12.1%
20s 7.1%
30s 10.5%
40s 18.4%
50s 16.6%
60s 17.4%
70s 9.8%
80+ 3%

Best Schools In Algodones, New Mexico

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 Algodones with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Algodones.


Pros And Cons Of Living In Algodones, New Mexico

How do you know that living in -- or moving to -- Algodones is right where you need to be? Perhaps you grew up in Algodones or already live nearby; therefore, the decision to buy a home in Algodones is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Algodones 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 Algodones:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Algodones.


Reasons To Move To Algodones, New Mexico, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Algodones can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Algodones, meanwhile, can field multiple offers from more qualified buyers.

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