Rent to own Homes in Roy, NM

Roy, NM is a great place for affordable rent-to-own homes! With a median household income of over $26,875 and a median rent of $825, the Roy, 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 Roy, 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 Roy, NM rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 2 of 2
107 BULLARD
Rent to Own Eligible
 
Single Family Home
Gladstone, NM 88422
0
0
1308 ft2
2012
302 COLFAX AVE
Rent to Own Eligible
 
Single Family Home
Springer, NM 87747
0
0
1827 ft2
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Buying a Home in Roy, NM

Roy, NM is seeing rapid growth and Roy, NM's' housing market remains optimal with an average home price that is -75% below the 2024 national average. Roy, NM is part of Harding 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 Harding is 0.36% which is below the national average, which is 0.99%.

Median Home Price in Roy, NM

Median Rent in Roy, NM

Rent to own homes offer low monthly payments and flexible terms.