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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 $318,978, higher than the New Mexico average of $265,486.
The average cost of rent is $685/mo in Arroyo Hondo, primarily driven by the current value of real estate in the Arroyo Hondo area. In Arroyo Hondo, 17.97% of households rent, and 53.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arroyo Hondo is $3,621 per month. Households that rent pay about 18.92% of their income on rent here. Arroyo Hondo’s most expensive areas are in the eastern 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
- San Cristobal, NM: higher priced homes
- Valdez, NM: higher priced homes
- Arroyo Seco, NM: higher priced homes
- El Prado, NM: higher priced homes
- Taos Pueblo, NM: higher priced homes
- Tres Piedras, NM: equally priced homes
- Taos Ski Valley, NM: higher priced homes
- Petaca, NM: less expensive homes
- Las Tablas, NM: less expensive homes
- Eagle Nest, NM: higher priced homes
Cities with Similar Populations
- Fort Covington, NY: less expensive homes
- Shabbona, IL: less expensive homes
- Cross Roads, AR: less expensive homes
- Croton Heights, MI: less expensive homes
- Erin, NY: less expensive homes
- Fairchild, WI: less expensive homes
- Farmington, KY: less expensive homes
- Hubbard, IA: less expensive homes
- Ione, WA: equally priced homes
- Keota, IA: less expensive homes
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