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Affordable
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These days, finding an affordable place to live in the Cedar Grove area can be challenging. Home prices in Cedar Grove are now at a median cost of $285,627, higher than the New Mexico average of $265,486.
The average cost of rent is $1,470/mo in Cedar Grove, primarily driven by the current value of real estate in the Cedar Grove area. In Cedar Grove, 5.58% of households rent, and 65.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cedar Grove is $7,375 per month. Households that rent pay about 19.93% of their income on rent here. Cedar Grove’s most expensive areas are in the northern 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
- Edgewood, NM: equally priced homes
- Sandia Park, NM: higher priced homes
- Stanley, NM: less expensive homes
- Cedar Crest, NM: higher priced homes
- Tijeras, NM: higher priced homes
- Zamora, NM: higher priced homes
- White Lakes, NM: less expensive homes
- Clines Corners, NM: less expensive homes
- Kirtland Afb, NM: equally priced homes
- Albuquerque, NM: equally priced homes
Cities with Similar Populations
- Elliston, MT: higher priced homes
- Macdoel, CA: less expensive homes
- Fagan, KY: less expensive homes
- Exline, IA: less expensive homes
- Ethel, TX: equally priced homes
- Ephraim, WI: higher priced homes
- Epes, AL: less expensive homes
- Enterprise, LA: less expensive homes
- Elmer, MI: less expensive homes
- Shidler, OK: less expensive homes
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