Rent to own Albuquerque

As one of the oldest cities in the country, Albuquerque is filled with an impressive history combined with modern sophistication and style. The Rio Grande runs through the city, as well as the Sandia Mountains, giving residents a plethora of scenery, activities, and fun. Old Town Albuquerque and Route 66 are two of the city’s most famous areas. 

No matter what setting you prefer, Albuquerque offers a variety of culture and entertainment options suitable for every lifestyle. There is never a dull moment in Albuquerque thanks to the endless activities suitable to every personality and lifestyle. 

The Museum of Natural History and Science, the Children’s Museum, art galleries and shops, and many other activities offer fun for Albuquerque residents any time of the year. Do not forget the fun annual events like the fun Renaissance fair, that bring life to the city.

1136 Listing Found in Albuquerque, NM

Buying a Home in Albuquerque NM

Over 4,000 homes for sale can be found at most any time in Albuquerque. The median sales price for homes in the city is $218,228. Duplexes sell for about $158,000, with many options available throughout the city. The median home price has risen 23% in the past year alone. Despite rising home prices, the city maintains some of the best rates in the nation. More than half of all Albuquerque residents own their homes.

Popular Neighborhoods in Albuquerque 

Dozens of great neighborhoods fill Albuquerque, giving residents their choice of areas to call their own. Nob Hill and Midtown neighborhoods are especially popular with 20-somethings and young families. The university is in the area and tons of shops, boutiques, coffee shops, and restaurants as well. The South Valley neighborhood brings to life the Southwestern-style that Albuquerque is known for. Plus, great Rio Grande views make each day a little more comforting. Families particularly enjoy life in the Northwest Heights community. Low crime, great schools, and large homes are Northwest Heights perks. 

Buying Vs. Rent to Own Homes

Rent-to-own homes give buyers time to save money for a down payment, improve their credit score, and ensure the purchase is right for their needs. Buying a home now requires a good credit score and massive amounts of money to apply to the down payment, closing costs, inspection fees, etc. Rent-to-own buyers lock-in today’s housing prices as well. Just pay an option fee at the beginning of the contract. You also pay a premium fee with the monthly rent. The premium money can help with the down payment when the contract ends. Most rent-to-own contracts last up to three-years.

Cost of Living in Albuquerque

Albuquerque is about 10% less costly than comparable big cities of the same size, like Denver. The Albuquerque Economic Development reports the city has a 93.4% cost of living index rate. Housing is approximately 20% less than other cities while healthcare, groceries, utilities, and miscellaneous fees are also priced less. With the lower cost-of-living figures, Albuquerque residents live comfortably than people in some other cities.

Summary

Named as one of the best cities to build wealth by Salary.com, Albuquerque is a city filled with characters, personalities, and a colorful history. Despite rising housing costs, rates still offer less expensive options than elsewhere in the United States. The city is safe and has much to offer its residents, including a great education system and a variety of employers.

Rent to Own Realtors

Rent to own realtors is often non-existent due to the terms of this contract. Realtors need immediate results, something rent-to-own does not offer. However, our free Albuquerque rent to own listings make finding a great property simple. When traditional buying options do not work for your needs, rent-to-own certainly suits your needs. Browse our listings or let us know how we can be of assistance during this important time in your life. Owning a home is the American dream. With rent-to-own options, you are closer to living the dream than you think.