Rent to own Homes in Los Lunas, NM
Los Lunas is a village of about 15,000 residents, located along the west bank of the Rio Grande River in the Albuquerque basin. Once part of a large land grant given to one nobleman in 1716, the village was subsequently claimed by the influential Luna family. After becoming the seat of Valencia County, Los Lunas built a station for the Santa Fe Railroad to deliver essential supplies and it has thrived ever since.
Los Lunas, NM is a great place for affordable rent-to-own homes! With a median household income of over $59,636 and a median rent of $1,030, the Los Lunas, NM rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Los Lunas, 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.
More Los Lunas, NM Property Resources
Rent to own Homes in Cities Near Los Lunas, NM
- Abeytas
- Adelino
- Albuquerque
- Belen
- Bosque
- Bosque Farms
- Carnuel
- Casa Colorada
- Chical
- El Cerro
- El Cerro Mission
- Isleta
- Isleta Village Proper
- Jarales
- Kirtland Afb
- Las Maravillas
- Las Nutrias
- Los Chaves
- Los Lunas
- Los Ranchos de Albuquerque
- Madrone
- Meadow Lake
- Monterey Park
- North Valley
- Pajarito Mesa
- Peralta
- Pueblitos
- Rio Communities
- Sausal
- South Valley
- Tome
- Valencia
- Veguita
Neighborhoods in Los Lunas, NM
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Los Lunas, NM is seeing rapid growth and Los Lunas, NM's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Los Lunas, NM is part of Valencia 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 Valencia is 0.58% which is below the national average, which is 0.99%.
Median Home Price in Los Lunas, NM
Median Rent in Los Lunas, NM
Los Lunas, NM
It's a great place to stay active! Los Lunas is home to the most well-equipped skate park in all of Valencia County. The 15,000 square-foot facility, located within Heritage Park, boasts high-end sculptured surfaces for use by BMX riders, in-line skaters and skateboarders. Shade zones and picnic areas are abundant nearby for enjoying an all-day excursion. For those who just don't want to stop moving, another great option is the Bust a Move Dance Center where everyone can sign up for classes in hip hop, jazz dance and ballet.
Los Lunas is affordable! Rent to own homes are available for prices ranging from $800 to $1,500 per month and apartments have an average rental price of $500 to $900 per month. It's easy to come to Los Lunas and take a look around at rental homes because Albuquerque International Airport is located only 20 minutes away. Easy access from the airport to Los Lunas is provided by the New Mexico Rail Runner Express and Rio Metro Bus service.
History is alive here! Tome Hill is a famous local tourist attraction that draws many hikers to explore under New Mexico's warm, blue sky. A climb to the summit of this hill rewards hikers with territorial views of the valley, as well as a chance to view over a thousand ancient petroglyphs carved into the rock walls along the way. For a spectacular dinner after your hill climb, you can stop at the historic Luna Mansion restaurant. This steakhouse is located in a grand pillared mansion where the atmosphere is as rich and unique as the cuisine.
Home prices in Los Lunas are easy on the wallet! In the most recent quarter for which data is available, the median house price in Los Lunas is below $140,000. The cost of living in Los Lunas is 93 percent of the U.S. national average and the median property tax is just $1,366 per year. Visiting Los Lunas to view available homes is easy with the availability of lodgings at Days Inn Los Lunas or Los Lunas Inn and Suites.