Rent to own Homes in Folsom, NM

Folsom, NM is a great place for affordable rent-to-own homes! With the current housing shortage trend it can make it harder to become a homeowner, including in Folsom, 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.

Check out Folsom, NM rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 3 of 3
45793 COUNTY ROAD 89.7
REO Foreclosure
 
Single Family Home
Trinidad, CO 81082
4
2
2128 ft2
2004
29 CARISBROOK RD 2 #2
Rent to Own Eligible
 
Single Family Home
Raton, NM 87740
0
0
2718 ft2
New
30 SOUTHFORK RD
Rent to Own Eligible
 
Single Family Home
Raton, NM 87740
0
0
1620 ft2
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Buying a Home in Folsom, NM

Folsom, NM is seeing rapid growth and Folsom, NM's' housing market remains optimal with an average home price that is -100% below the 2024 national average. Folsom, NM is part of Union 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 Union is 0.47% which is below the national average, which is 0.99%.

Median Home Price in Folsom, NM

Median Rent in Folsom, NM

Median rent data is currently unavailable.
Rent to own homes offer low monthly payments and flexible terms.