Rent to Own Homes near Albuquerque, NM

  • Albuquerque stretches out amid the crossroads of Interstate 25 and Interstate 40 in the north-central part of New Mexico. The largest city in the state, Albuquerque crosses the east and west banks of the Rio Grande River and touches the foothills of the Sandia Mountains. The historic U.S. Route 66 shares a mutual path with Central Ave, the main cultural artery of the city.

Check out over 300 Albuquerque, NM rent to own homes for sale, which may include auction properties, for sale by owner, and more.

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Top Reasons to Live in Albuquerque NM

  • Housing Analysis The median home sales price in Albuquerque as of June 13th 2013 was $134,900, which is a decrease of 3.3% from last year. The average home for sale listing price as of August 7th, 2013 was $266,046. There are currently 379,200 total households in the area with 66.5% being owner occupied and 33.5% being renter occupied. The annual renter vacancy rate is 6.0% as opposed to the owner vacancy rate of only 1.9%. Rent to own homes are offered by some real estate agencies, primarily in the suburbs.
  • Transportation and Commuting Transportation around Albuquerque varies according to neighborhood. The more condensed areas in and around downtown can be traveled on foot or on a bicycle. The sprawling nature of the suburbs makes them ideally accessible by motorized vehicle only. The public transportation department is dubbed ABQ Ride for short and has fixed bus routes that run across the city at regular times. Special discount fares are available for children, seniors and those with disabilities. There is also a train service that runs north and south between Albuquerque and Bernalillo called New Mexico Rail Runner Express. Stops along the way offer access to destinations along U.S. Highway 550. Stops in town provide easy transferring onto the ABQ Ride bus system. Commutes to and from suburban areas to the nucleus of the city can vary between 15 to 25 minutes for most. The Paseo Del Norte bridge provides access across the Rio Grande to and from Albuquerque's West Side, as does Interstate 40. Both are particularly congested during peak hours. Commuters must allow themselves additional time to reach their destinations when using these thoroughfares during heavy traffic times.
  • Weather The weather in Albuquerque is primarily dry throughout the year with seasonal dips in temperature during the winter months, averaging at an overnight low of 30 degrees. Summer months can see daily high average temperatures in the lower 90s. The remaining months of March, April, May, September, and October see reasonable daily temperatures ranging between 45 and 80 degrees. Albuquerque sees an average of 310 days of sunshine per year. Average rainfall is a sparse 9.47 inches. Because of this, there is little vegetation, which means heavy rain can cause flash floods. The water runoff of these floods flows into the Rio Grande River via an elaborate system of concrete ditches, but it can sometimes interrupt traffic in and near the foothills of the Sandia Mountains directly to the east of the city.
  • Neighborhoods Duke City: Duke City was officially founded in 1706 but has Spanish roots dating back to 1540. These roots are especially apparent in the community in and around Old Town Plaza. As you travel outward from this central point, you see a history of home building in the area, decade by decade.