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Rent To Own Homes in Espanola, NM

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Valley-dr-Espanola-NM-87532
Preforeclosure
$238,170 EMV

Valley Dr
Espanola, NM 87532

| 2,836 Sq. Ft.

Valley-dr-Espanola-NM-87532
Preforeclosure
$238,170 EMV

Valley Dr
Espanola, NM 87532

32 Hudson-ln-Espanola-NM-87532
Foreclosure
$150,000 List Price

Hudson Ln
Espanola, NM 87532

3 Bed | 2 Bath

Displaying 1 - 3 of 3
 

Foreclosure Homes in Espanola, NM

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


Top Reasons To Live In Espanola, NM In 2021

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.


Cost Of Living In Espanola, NM

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.


Diversity And Demographics In Espanola, 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 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%

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


Pros And Cons Of Living In Espanola, New Mexico

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:

  • 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 Espanola.


Reasons To Move To Espanola, 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 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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