There are currently 3,493 real estate properties in Espanola, NM, with a median automated valuation model (AVM) price of $294,126.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Espanola, 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 Espanola, NM, is $346,130.00, with the most expensive house in Espanola, NM, topping out at $3,969,822.00 and the cheapest home in Espanola, NM, clocking in at $25,696.00. In other words, there’s something for every potential homebuyer or savvy investor in Espanola, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Espanola, NM, is on a rollercoaster ride. The average rent price in Espanola, NM, is $1,117.00. Indeed, when looking to rent in Espanola, NM, you can expect to pay as little as $600.00 or as much as $2,270.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Espanola, 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.
Espanola is located in Rio Arriba, New Mexico, with an estimated municipal population of 10,044 residents. All of the best foreclosed homes for sale in Espanola are located in the following zip code areas on Foreclosure.com: 87567 87532 87533. The estimated population per square kilometer (.62 miles) in Espanola is 497.
So, about how much do homes cost in Espanola? The most recent median value of resident-owned homes in Espanola is 154,571. An estimated 59 percent of households in Espanola own their homes, with an average family size of 4.03. The median household income in Espanola is 34,368, with12.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Espanola, the median commute time of resident workers (in minutes) is 25.3. And last, but certainly not least, are you looking for homes to rent in Espanola? If so, the average rent price paid by renters in Espanola is 665, 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 Espanola, 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 Espanola is 36.7, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Espanola is 33.3, with an average family size of 4.03.
The percentage of residents who report their race in Espanola is as follows:
| White | 69.9% |
| Black / African American | 1.2% |
| Asian | 1.1% |
| American Indian / Alaskan Native | 1.5% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.6% |
| Other | 23.7% |
Looking for family-friendly neighborhoods in and/or near Espanola? Or maybe you are searching for 55+ active adult communities in and/or near Espanola?
The percentage of residents who report their age in Espanola is as follows:
| Under 10 | 16.2% |
| Aged 10-19 | 13.4% |
| 20s | 12.9% |
| 30s | 10.8% |
| 40s | 11.1% |
| 50s | 12.4% |
| 60s | 11% |
| 70s | 6.9% |
| 80+ | 5.3% |
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 Espanola with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Espanola.
How do you know that living in -- or moving to -- Espanola is right where you need to be? Perhaps you grew up in Espanola or already live nearby; therefore, the decision to buy a home in Espanola is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Espanola 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 Espanola:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Espanola.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Espanola can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Espanola, meanwhile, can field multiple offers from more qualified buyers.
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