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Affordable
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These days, finding an affordable place to live in the Arenas Valley area can be challenging. Home prices in Arenas Valley are now at a median cost of $207,781, lower than the New Mexico average of $265,486.
The average cost of rent is $587/mo in Arenas Valley, primarily driven by the current value of real estate in the Arenas Valley area. In Arenas Valley, 20.84% of households rent, and 63.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arenas Valley is $3,757 per month. Households that rent pay about 15.64% of their income on rent here. Arenas Valley’s most expensive areas are in the northwestern 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
- Santa Clara, NM: less expensive homes
- Bayard, NM: less expensive homes
- Silver City, NM: equally priced homes
- Vanadium, NM: less expensive homes
- Hurley, NM: less expensive homes
- Pinos Altos, NM: higher priced homes
- Tyrone, NM: less expensive homes
- Hanover, NM: less expensive homes
- Fort Bayard, NM: less expensive homes
- Mimbres, NM: equally priced homes
Cities with Similar Populations
- Cantua Creek, CA: higher priced homes
- Tamiment, PA: higher priced homes
- Jamaica Beach, TX: higher priced homes
- Heart Butte, MT: less expensive homes
- Ridgway, IL: less expensive homes
- Bunkerville, NV: higher priced homes
- Jetmore, KS: less expensive homes
- Shade, OH: less expensive homes
- Shop Springs, TN: higher priced homes
- Eastwood, NC: equally priced homes
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