Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Farmington, NM area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Farmington, NM and much more. Save thousands at closing with home foreclosure listings in Farmington, NM — up to 75% off market value!
Farmington is located in San Juan, New Mexico, with an estimated municipal population of 44,372 residents. All of the best foreclosed homes for sale in Farmington are located in the following zip code areas on Foreclosure.com: 87401 87402 87415. The estimated population per square kilometer (.62 miles) in Farmington is 497.
So, about how much do homes cost in Farmington? The most recent median value of resident-owned homes in Farmington is 183,853. An estimated 63.8 percent of households in Farmington own their homes, with an average family size of 3.29. The median household income in Farmington is 54,480, with22.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Farmington, the median commute time of resident workers (in minutes) is 18.2. And last, but certainly not least, are you looking for homes to rent in Farmington? If so, the average rent price paid by renters in Farmington is 868, 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 Farmington, 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 Farmington is 33.8, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Farmington is 45.6, with an average family size of 3.29.
The percentage of residents who report their race in Farmington is as follows:
|Black / African American||1.3%|
|American Indian / Alaskan Native||28.6%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Farmington? Or maybe you are searching for 55+ active adult communities in and/or near Farmington?
The percentage of residents who report their age in Farmington 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 Farmington with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Farmington.
How do you know that living in -- or moving to -- Farmington is right where you need to be? Perhaps you grew up in Farmington or already live nearby; therefore, the decision to buy a home in Farmington is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Farmington 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 Farmington:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Farmington.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Farmington can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Farmington, meanwhile, can field multiple offers from more qualified buyers.