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Affordable
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These days, finding an affordable place to live in the Derry area can be challenging. Home prices in Derry are now at a median cost of $141,535, lower than the New Mexico average of $265,486.
The average cost of rent is $878/mo in Derry, primarily driven by the current value of real estate in the Derry area. In Derry, 16.43% of households rent, and 88.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Derry is $3,325 per month. Households that rent pay about 26.40% of their income on rent here. Derry’s most expensive areas are in the northwestern 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
- Garfield, NM: less expensive homes
- Arrey, NM: higher priced homes
- Salem, NM: less expensive homes
- Hatch, NM: less expensive homes
- Rodey, NM: less expensive homes
- Rincon, NM: less expensive homes
- Hillsboro, NM: higher priced homes
- Kingston, NM: higher priced homes
- Sherman, NM: higher priced homes
- San Lorenzo, NM: higher priced homes
Cities with Similar Populations
- Las Tusas, NM: higher priced homes
- Lake Delta, NY: higher priced homes
- Tilden, ND: higher priced homes
- Lake Ridge, WV: equally priced homes
- Lamington, NJ: higher priced homes
- Lamont, NY: less expensive homes
- Landes, IL: equally priced homes
- Landgraff, WV: less expensive homes
- Langley, AR: less expensive homes
- Lanham, TX: higher priced homes
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