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Foreclosure Homes in Tatum, NM

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22 S-avenue-a-Tatum-NM-88267
As-Is Deal
$66,000 List Price

S Avenue A
Tatum, NM 88267

2 Bed | 2 Bath

Displaying 1 - 1 of 1
 

Foreclosure Homes in Tatum, NM

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


Top Reasons To Live In Tatum, NM In 2021

Tatum is located in Lea, New Mexico, with an estimated municipal population of 829 residents. All of the best foreclosed homes for sale in Tatum are located in the following zip code areas on Foreclosure.com: 88267. The estimated population per square kilometer (.62 miles) in Tatum is 201.


Cost Of Living In Tatum, NM

So, about how much do homes cost in Tatum? The most recent median value of resident-owned homes in Tatum is 95,597. An estimated 74.8 percent of households in Tatum own their homes, with an average family size of 3.68. The median household income in Tatum is 50,208, with22.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tatum, the median commute time of resident workers (in minutes) is 21.2. And last, but certainly not least, are you looking for homes to rent in Tatum? If so, the average rent price paid by renters in Tatum is 718, according to recent statistics.


Diversity And Demographics In Tatum, 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 Tatum, 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 Tatum is 34.3, split between 43.8 percent male versus 56.2 female. The percentage of residents who report being married in Tatum is 50.1, with an average family size of 3.68.

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

White 93.7%
Black / African American 2.9%
Asian 0%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.4%
Other 2.8%

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

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

Under 10 10.8%
Aged 10-19 17.9%
20s 14.7%
30s 15.1%
40s 10.5%
50s 13%
60s 8.9%
70s 3.8%
80+ 4.9%

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


Pros And Cons Of Living In Tatum, New Mexico

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

  • 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 Tatum.


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

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