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Affordable
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These days, finding an affordable place to live in the Chili area can be challenging. Home prices in Chili are now at a median cost of $308,692, higher than the New Mexico average of $265,486.
The average cost of rent is $777/mo in Chili, primarily driven by the current value of real estate in the Chili area. In Chili, 18.66% of households rent, and 59.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chili is $4,489 per month. Households that rent pay about 17.31% of their income on rent here. Chili’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hernandez, NM: less expensive homes
- El Duende, NM: less expensive homes
- Chamita, NM: less expensive homes
- Guique, NM: less expensive homes
- Medanales, NM: equally priced homes
- San Juan Pueblo, NM: less expensive homes
- Pueblito, NM: less expensive homes
- Estaca, NM: less expensive homes
- La Villita, NM: less expensive homes
- Ohkay Owingeh, NM: less expensive homes
Cities with Similar Populations
- Trapp, VA: higher priced homes
- Fultonham, NY: less expensive homes
- Fulton, SD: less expensive homes
- Fulton, AR: less expensive homes
- Thayer Corners, NY: less expensive homes
- Tinaja, NM: less expensive homes
- Tonti, IL: less expensive homes
- Trade City, PA: less expensive homes
- Trail, MN: less expensive homes
- Fourseam, KY: less expensive homes
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