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Affordable
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These days, finding an affordable place to live in the Alto area can be challenging. Home prices in Alto are now at a median cost of $344,798, higher than the New Mexico average of $265,486.
The average cost of rent is $1,139/mo in Alto, primarily driven by the current value of real estate in the Alto area. In Alto, 6.86% of households rent, and 63.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alto is $7,287 per month. Households that rent pay about 15.63% of their income on rent here. Alto’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sierra Vista, NM: less expensive homes
- Ruidoso, NM: less expensive homes
- Fort Stanton, NM: less expensive homes
- Ruidoso Downs, NM: less expensive homes
- Capitan, NM: less expensive homes
- Glencoe, NM: less expensive homes
- Nogal, NM: less expensive homes
- San Patricio, NM: equally priced homes
- Lincoln, NM: equally priced homes
- Hondo, NM: equally priced homes
Cities with Similar Populations
- Byers, CO: higher priced homes
- Arlington, OH: less expensive homes
- Avonmore, PA: less expensive homes
- West Sunbury, PA: less expensive homes
- Lauderdale, MN: less expensive homes
- Marietta, NY: less expensive homes
- Padgett, NC: less expensive homes
- Mc Henry, MS: less expensive homes
- Flows Store, NC: higher priced homes
- Worthington, PA: less expensive homes
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