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Rent To Own Homes in Lake Arthur, NM

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25 S-maine-ave-Lake-arthur-NM-88253
Foreclosure
$93,000 List Price

S Maine Ave
Lake Arthur, NM 88253

4 Bed | 2 Bath | 2,066 Sq. Ft.

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Home Value Estimator For Lake Arthur, NM

There are currently 287 real estate properties in Lake Arthur, NM, with a median automated valuation model (AVM) price of $103,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Arthur, 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 Lake Arthur, NM, is $119,425.00, with the most expensive house in Lake Arthur, NM, topping out at $661,800.00 and the cheapest home in Lake Arthur, NM, clocking in at $15,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Arthur, NM!


Rent Prices In Lake Arthur, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Arthur, NM, is on a rollercoaster ride. The average rent price in Lake Arthur, NM, is $921.00. Indeed, when looking to rent in Lake Arthur, NM, you can expect to pay as little as $480.00 or as much as $2,080.00, with the average rent median estimated to be $860.00. The good news is that finding an affordable and desirable property to rent in Lake Arthur, 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 Lake Arthur, NM

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


Top Reasons To Live In Lake Arthur, NM In 2021

Lake Arthur is located in Chaves, New Mexico, with an estimated municipal population of 420 residents. All of the best foreclosed homes for sale in Lake Arthur are located in the following zip code areas on Foreclosure.com: 88253. The estimated population per square kilometer (.62 miles) in Lake Arthur is 304.


Diversity And Demographics In Lake Arthur, 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 Lake Arthur, 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 Lake Arthur is 34.8, split between 46.1 percent male versus 53.9 female. The percentage of residents who report being married in Lake Arthur is 29.6, with an average family size of 3.91.

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

White 98.3%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 1.7%

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

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

Under 10 10.4%
Aged 10-19 22.4%
20s 14.2%
30s 13.9%
40s 3.6%
50s 18.1%
60s 9.2%
70s 5.3%
80+ 2.9%

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


Pros And Cons Of Living In Lake Arthur, New Mexico

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

  • 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 Lake Arthur.


Reasons To Move To Lake Arthur, 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 Lake Arthur can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Arthur, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Lake Arthur, NM

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