There are currently 676 real estate properties in Chimayo, NM, with a median automated valuation model (AVM) price of $250,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chimayo, 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 Chimayo, NM, is $255,890.00, with the most expensive house in Chimayo, NM, topping out at $1,171,600.00 and the cheapest home in Chimayo, NM, clocking in at $33,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Chimayo, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chimayo, NM, is on a rollercoaster ride. The average rent price in Chimayo, NM, is $1,037.00. Indeed, when looking to rent in Chimayo, NM, you can expect to pay as little as $710.00 or as much as $2,370.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in Chimayo, 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 Chimayo, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Chimayo, NM and much more. Save thousands at closing with home foreclosure listings in Chimayo, NM — up to 75% off market value!
Chimayo is located in Santa Fe, New Mexico, with an estimated municipal population of 2,641 residents. All of the best foreclosed homes for sale in Chimayo are located in the following zip code areas on Foreclosure.com: 87522. The estimated population per square kilometer (.62 miles) in Chimayo is 118.
So, about how much do homes cost in Chimayo? The most recent median value of resident-owned homes in Chimayo is 169,355. An estimated 85.9 percent of households in Chimayo own their homes, with an average family size of 3.21. The median household income in Chimayo is 56,513, with20.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chimayo, the median commute time of resident workers (in minutes) is 31.3.
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 Chimayo, 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 Chimayo is 41, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Chimayo is 45.4, with an average family size of 3.21.
The percentage of residents who report their race in Chimayo is as follows:
| White | 45.4% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 1.3% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0% |
| Other | 53.2% |
Looking for family-friendly neighborhoods in and/or near Chimayo? Or maybe you are searching for 55+ active adult communities in and/or near Chimayo?
The percentage of residents who report their age in Chimayo is as follows:
| Under 10 | 2.5% |
| Aged 10-19 | 20.7% |
| 20s | 11% |
| 30s | 13.8% |
| 40s | 16.1% |
| 50s | 15.8% |
| 60s | 11% |
| 70s | 5.5% |
| 80+ | 3.7% |
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 Chimayo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chimayo.
How do you know that living in -- or moving to -- Chimayo is right where you need to be? Perhaps you grew up in Chimayo or already live nearby; therefore, the decision to buy a home in Chimayo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chimayo 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 Chimayo:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Chimayo.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Chimayo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chimayo, meanwhile, can field multiple offers from more qualified buyers.
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