The Most Affordable Neighborhoods in Bosque Farms, NM by Home Value

 

Bosque Farms, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bosque Farms area can be challenging. Home prices in Bosque Farms are now at a median cost of $291,633, higher than the New Mexico average of $265,486.

The average cost of rent is $1,031/mo in Bosque Farms, primarily driven by the current value of real estate in the Bosque Farms area. In Bosque Farms, 10.47% of households rent, and 45.24% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Bosque Farms is $6,617 per month. Households that rent pay about 15.58% of their income on rent here. Bosque Farms’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.


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