Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cerro area can be challenging. Home prices in Cerro are now at a median cost of $243,104, higher than the New Mexico average of $199,923.
The average cost of rent is $958/mo in Cerro, primarily driven by the current value of real estate in the Cerro area. While nearly 61.08% of residents own their homes outright in Cerro, 14.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cerro is $5,677 per month. Households that rent pay about 16.87% of their income on rent here. Cerro's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
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Cities with Similar Populations
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