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These days, finding an affordable place to live in the Arrey area can be challenging. Home prices in Arrey are now at a median cost of $194,223, lower than the New Mexico average of $265,486.
The average cost of rent is $744/mo in Arrey, primarily driven by the current value of real estate in the Arrey area. In Arrey, 18.31% of households rent, and 66.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arrey is $4,483 per month. Households that rent pay about 16.59% of their income on rent here. Arrey’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Derry, NM: less expensive homes
- Garfield, NM: less expensive homes
- Caballo, NM: less expensive homes
- Salem, NM: less expensive homes
- Hillsboro, NM: equally priced homes
- Kingston, NM: equally priced homes
- Sherman, NM: less expensive homes
- San Lorenzo, NM: less expensive homes
- Fort Bayard, NM: less expensive homes
- Mimbres, NM: equally priced homes
Cities with Similar Populations
- Romney, IN: higher priced homes
- Hibernia, FL: higher priced homes
- Tolani Lake, AZ: less expensive homes
- Isla Vista, CA: higher priced homes
- Elkton, OR: higher priced homes
- Short Gap, WV: higher priced homes
- Scottown, OH: less expensive homes
- Schlegel, OK: less expensive homes
- Ryan, OK: less expensive homes
- Roseland, IN: less expensive homes
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