Location Guide to Buying Real Estate in New Mexico
New Mexico real estate has, in the past, been some of the most affordable in the country. The prices however, have gradually increased with the slow but steady invasion of Californians and other people seeking to relocate to cities with lower standards of living. Nevertheless, New Mexico real estate is still comparatively much more affordable than some of the more populous states such as California or New York.
For lovers of nature and adventurers of the great outdoors, New Mexico provides the perfect environment in which you can pursue your passions and interests. For the urban counterpart of the classic country cowboy, New Mexico
real estate also features homes and offices in sprawling cities such as Santa Fe and Albuquerque. Whether you are looking for a backyard under the shadows of a mountain or a new regional headquarters for your growing corporation, New Mexico
real estate may have an answer for you that won’t have you crying into your wallet.
Albuquerque
This is the largest city in the state and features a nice variety of New Mexico real estate both within the heart of the city and along its borders. Downtown Albuquerque is the city’s center of business and culture. The area possesses a unique cultural feel that is distinctively Native American. The New Mexico real estate here is adjacent to some of the trendiest restaurants and art galleries in the city.
A far cry from the modernity of downtown Albuquerque is the outskirts of the town. The beautiful wilderness of New Mexico
real estate can be seen here in areas located right along the majestic bank of the Rio Grande.
Santa Fe
The “other” major city of New Mexico, Santa Fe is a grand center of Spanish and Native American culture. The New Mexico
real estate of central Santa Fe has a distinctive cultural feel that it owes to the architecture of the Spanish churches and adobe style buildings. The city is growing rapidly as an increasing amount of people from out of state continue to move in. The city has been expanding its boundaries with new suburbs being built everyday. The New Mexico real estate on the outskirts of the city has the feel of a common American suburb without the distinctions of any particular geographic region.
Soccoro and other small cities
The advantages of purchasing New Mexico real estate in a small city:
1. Low Prices
2. Open space
In other words, you get more bang for your buck. Sure, these small cities may not be tuned in to the latest trends in nightlife, but for the price you pay, New Mexico real estate doesn’t get any better than this. According to the US Census Bureau, homes in Soccoro have an average price of $102,304 while the average for New Mexico is $146,268. If you want peace, solitude, and perhaps a few friendly neighbors, your best bet for prime New Mexico real estate would be in small satellite towns within an hour’s drive of one of the major cities.
