Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bingham area can be challenging. Home prices in Bingham are now at a median cost of $150,500, lower than the New Mexico average of $199,923.
The average cost of rent is $688/mo in Bingham, primarily driven by the current value of real estate in the Bingham area. While nearly 87.33% of residents own their homes outright in Bingham, 2.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bingham is $2,492 per month. Households that rent pay about 27.61% of their income on rent here. Bingham's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Luis Lopez, NM: less expensive homes
- San Antonito, NM: equally priced homes
- San Antonio, NM: less expensive homes
- Socorro, NM: less expensive homes
- Florida, NM: less expensive homes
- Datil, NM: higher priced homes
- Aragon, NM: equally priced homes
- Cruzville, NM: less expensive homes
- Luna, NM: less expensive homes
- Kenna, NM: less expensive homes
Cities with Similar Populations
- Ramsey, PA: higher priced homes
- Cuervo, NM: less expensive homes
- Paauhau, HI: higher priced homes
- Grenville, NM: equally priced homes
- Moose Junction, WI: higher priced homes
- Monida, MT: higher priced homes
- Parmleysville, KY: less expensive homes
- Paulcell Place, AZ: less expensive homes
- Peapatch, VA: less expensive homes
- Pecan Point, AR: less expensive homes
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