Rent to own Homes in South Valley, NM
South Valley, NM is a great place for affordable rent-to-own homes! With a median household income of over $41,537 and a median rent of $743, the South Valley, NM rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in South Valley, NM. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More South Valley, NM Property Resources
Rent to own Homes in Cities Near South Valley, NM
- Abeytas
- Adelino
- Albuquerque
- Belen
- Bosque
- Bosque Farms
- Carnuel
- Casa Colorada
- Chical
- El Cerro
- El Cerro Mission
- Isleta
- Isleta Village Proper
- Jarales
- Kirtland Afb
- Las Maravillas
- Las Nutrias
- Los Chaves
- Los Lunas
- Los Ranchos de Albuquerque
- Madrone
- Meadow Lake
- Monterey Park
- North Valley
- Pajarito Mesa
- Peralta
- Pueblitos
- Rio Communities
- Sausal
- South Valley
- Tome
- Valencia
- Veguita
Neighborhoods in South Valley, NM
Valle Verde Estates rent to own homes Los Alamos Civic rent to own homes Valle Felice Estates rent to own homes Del Rio Acres rent to own homes South Atrisco rent to own homes Mountain View rent to own homes Vecinos Del Bosque rent to own homes Valle Grande rent to own homes Hubble Acres rent to own homes Sunny Suburbs rent to own homesPopular Zip Codes in South Valley, NM
87105 rent to own homesBuying a Home in South Valley, NM
South Valley, NM is seeing rapid growth and South Valley, NM's' housing market remains optimal with an average home price that is -29% below the 2024 national average. South Valley, NM is part of Bernalillo county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Bernalillo is 0.81% which is below the national average, which is 0.99%.