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Affordable
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These days, finding an affordable place to live in the Clovis area can be challenging. Home prices in Clovis are now at a median cost of $164,301, lower than the New Mexico average of $265,486.
The average cost of rent is $1,060/mo in Clovis, primarily driven by the current value of real estate in the Clovis area. In Clovis, 38.78% of households rent, and 44.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Clovis is $5,234 per month. Households that rent pay about 20.26% of their income on rent here. Clovis’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hollene, NM: higher priced homes
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- Lariat, TX: higher priced homes
- Bovina, TX: less expensive homes
- Melrose, NM: equally priced homes
Cities with Similar Populations
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