Home Price Key
Affordable
Average
Expensive
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 $227,533, higher than the New Mexico average of $199,923.
The average cost of rent is $681/mo in Cedar Grove, primarily driven by the current value of real estate in the Cedar Grove area. While nearly 54.83% of residents own their homes outright in Cedar Grove, 11.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cedar Grove is $6,500 per month. Households that rent pay about 10.47% of their income on rent here. Cedar Grove's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
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: equally priced homes
- Clines Corners, NM: less expensive homes
- Kirtland Afb, NM: higher 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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