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Affordable
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These days, finding an affordable place to live in the Cordova area can be challenging. Home prices in Cordova are now at a median cost of $219,000, lower than the New Mexico average of $265,486.
The average cost of rent is $903/mo in Cordova, primarily driven by the current value of real estate in the Cordova area. In Cordova, 10.91% of households rent, and 98.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cordova is $4,402 per month. Households that rent pay about 20.51% of their income on rent here. Cordova’s most expensive areas are in the central 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
- Rio Chiquito, NM: higher priced homes
- Truchas, NM: higher priced homes
- Chimayo, NM: higher priced homes
- Cundiyo, NM: higher priced homes
- La Puebla, NM: higher priced homes
- Ojo Sarco, NM: higher priced homes
- El Valle, NM: less expensive homes
- Santa Cruz, NM: equally priced homes
- Chamisal, NM: equally priced homes
- Canoncito, NM: higher priced homes
Cities with Similar Populations
- Cobbtown, FL: equally priced homes
- Popes Creek, MD: higher priced homes
- Vaughn Hollow, RI: higher priced homes
- Vesper, NY: higher priced homes
- Vicksburg, AZ: less expensive homes
- Victory Lakes, NJ: equally priced homes
- Coxburg, MS: less expensive homes
- Coryell, TX: higher priced homes
- Cornucopia, WI: higher priced homes
- Cornish Flat, NH: higher priced homes
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