The Most Affordable Neighborhoods in Cedar Hill, NM by Home Value

 

Cedar Hill, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cedar Hill area can be challenging. Home prices in Cedar Hill are now at a median cost of $192,996, lower than the New Mexico average of $199,923.

The average cost of rent is $992/mo in Cedar Hill, primarily driven by the current value of real estate in the Cedar Hill area. While nearly 58.31% of residents own their homes outright in Cedar Hill, 23.91% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cedar Hill is $4,106 per month. Households that rent pay about 24.15% of their income on rent here. Cedar Hill's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.


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