There are currently 216 real estate properties in Mimbres, NM, with a median automated valuation model (AVM) price of $187,169.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mimbres, 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 Mimbres, NM, is $249,330.00, with the most expensive house in Mimbres, NM, topping out at $1,085,859.00 and the cheapest home in Mimbres, NM, clocking in at $39,577.00. In other words, there’s something for every potential homebuyer or savvy investor in Mimbres, NM!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mimbres, NM, is on a rollercoaster ride. The average rent price in Mimbres, NM, is $953.00. Indeed, when looking to rent in Mimbres, NM, you can expect to pay as little as $570.00 or as much as $2,170.00, with the average rent median estimated to be $910.00. The good news is that finding an affordable and desirable property to rent in Mimbres, 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.
Mimbres is located in Grant, New Mexico, with an estimated municipal population of 572 residents. All of the best foreclosed homes for sale in Mimbres are located in the following zip code areas on Foreclosure.com: 88049 88041. The estimated population per square kilometer (.62 miles) in Mimbres is 49.
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 Mimbres, 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 Mimbres is 67.3, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in Mimbres is 43.5, with an average family size of 2.18.
The percentage of residents who report their race in Mimbres is as follows:
White | 93.2% |
Black / African American | 0% |
Asian | 5.2% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 1.6% |
Other | 0% |
Looking for family-friendly neighborhoods in and/or near Mimbres? Or maybe you are searching for 55+ active adult communities in and/or near Mimbres?
The percentage of residents who report their age in Mimbres is as follows:
Under 10 | 0% |
Aged 10-19 | 6.3% |
20s | 0% |
30s | 0% |
40s | 5.4% |
50s | 8.1% |
60s | 41% |
70s | 28.8% |
80+ | 10.5% |
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 Mimbres with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mimbres.
How do you know that living in -- or moving to -- Mimbres is right where you need to be? Perhaps you grew up in Mimbres or already live nearby; therefore, the decision to buy a home in Mimbres is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mimbres 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 Mimbres:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mimbres.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mimbres can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mimbres, meanwhile, can field multiple offers from more qualified buyers.
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