The Most Affordable Neighborhoods in Arroyo Hondo, NM by Home Value

 

Arroyo Hondo, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Arroyo Hondo area can be challenging. Home prices in Arroyo Hondo are now at a median cost of $269,334, higher than the New Mexico average of $199,923.

The average cost of rent is $1,053/mo in Arroyo Hondo, primarily driven by the current value of real estate in the Arroyo Hondo area. While nearly 61.15% of residents own their homes outright in Arroyo Hondo, 14.40% rent.

Housing affordability isn’t just about home prices, though. The average household income in Arroyo Hondo is $4,528 per month. Households that rent pay about 23.26% of their income on rent here. Arroyo Hondo's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.


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