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I've looked around on zillow.com for houses for sale. I'm not too familiar with what is considered the cheaper part of NM but I am aware how expensive Santa Fe is. Though there's plenty of cheaper areas in NM but I don't know what is considered cheapest in NM, would it be the western part of the state? I'm surprised that ToC has some high priced houses as well on zillow.com maybe I am using the wrong source? I thought ToC is supposed to be run down? Maybe I read a thread that was 10 years old? I just need to look for something cheap so I can go from there it doesn't matter where in NM it is.
Cheap towns would be: Gallup, Grants, Espanola (close to Santa Fe). Typically the western quarter of the state would have the cheapest housing.
Farmington (upper NW) housing is NOT cheap--since so much of San Juan county is taken up with reservations and public land, the amount available for development is very small, something like 15-20%, IIRC.
It's not as high as SF (nothing else in NM is), but it's not what I would call the cheapest.
TorC is pretty cheap. I looked a little when I was there last year. A woman told me she'd bought a functional old adobe for $30k. Many houses <$100k. It's a funky and interesting town too... lots of retired people, slackers, and old hippies. The river and a big lake are there... and now a spaceport. The spaceport might be trending RE upward though.
In the south Deming is pretty cheap also. Or Mora in the north. Very pretty around Mora.
NM has a lot of small out of the way towns that would be inexpensive if that appeals to you. Carizzozo is the seat of Lincoln but it is quite inexpensive.
But generally NM didn't get hit with the kind of depression that much of the country did... no boom and bust here.
What are you looking for? Place to live? Something to rent out?
I would guess these places don't have much houses for sale as those people living in such poor towns probably do not have the money to even move out of ANY house? I think people stay put in these small towns which probably means there aren't any "open" houses for sale. LOL. I knew a guy who said he could not find a job in West Virginia because people there do not just leave their jobs after a few months, they stay put til retirement therefore there aren't many openings.
Quote:
Originally Posted by highplainsrus
in the small town category, i nominate Nageezi with a per capita income of $3,502.
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