The Most Affordable Neighborhoods in Cochiti Lake, NM by Home Value

 

Cochiti Lake, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cochiti Lake area can be challenging. Home prices in Cochiti Lake are now at a median cost of $161,300, lower than the New Mexico average of $199,923.

The average cost of rent is $920/mo in Cochiti Lake, primarily driven by the current value of real estate in the Cochiti Lake area. While nearly 67.84% of residents own their homes outright in Cochiti Lake, 11.69% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cochiti Lake is $3,860 per month. Households that rent pay about 23.83% of their income on rent here. Cochiti Lake's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.


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