Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cerrillos area can be challenging. Home prices in Cerrillos are now at a median cost of $267,080, higher than the New Mexico average of $199,923.
The average cost of rent is $1,049/mo in Cerrillos, primarily driven by the current value of real estate in the Cerrillos area. While nearly 60.12% of residents own their homes outright in Cerrillos, 23.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cerrillos is $4,517 per month. Households that rent pay about 23.21% of their income on rent here. Cerrillos's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Madrid, NM: higher priced homes
- Los Cerrillos, NM: higher priced homes
- Domingo, NM: higher priced homes
- San Felipe Pueblo, NM: equally priced homes
- Algodones, NM: equally priced homes
- Placitas, NM: higher priced homes
- Lamy, NM: higher priced homes
- El Llanito, NM: higher priced homes
- Bernalillo, NM: less expensive homes
- Corrales, NM: higher priced homes
Cities with Similar Populations
- Lewis, NC: less expensive homes
- Piketown, PA: equally priced homes
- Robinson Creek, KY: less expensive homes
- Chireno, TX: less expensive homes
- Utica, MN: less expensive homes
- Everton, IN: less expensive homes
- Coal Mountain, WV: less expensive homes
- Cool Springs, AL: less expensive homes
- Thrall, WA: higher priced homes
- Mohall, ND: less expensive homes
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