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Affordable
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These days, finding an affordable place to live in the Edgewood area can be challenging. Home prices in Edgewood are now at a median cost of $276,727, higher than the New Mexico average of $265,486.
The average cost of rent is $1,213/mo in Edgewood, primarily driven by the current value of real estate in the Edgewood area. In Edgewood, 8.41% of households rent, and 41.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Edgewood is $6,677 per month. Households that rent pay about 18.17% of their income on rent here. Edgewood’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tijeras, NM: higher priced homes
- Cedar Grove, NM: equally priced homes
- Zamora, NM: higher priced homes
- Sandia Park, NM: higher priced homes
- Moriarty, NM: less expensive homes
- Ponderosa Pine, NM: higher priced homes
- Cedar Crest, NM: higher priced homes
- Escabosa, NM: less expensive homes
- Stanley, NM: less expensive homes
- Kirtland Afb, NM: equally priced homes
Cities with Similar Populations
- Groveport, OH: less expensive homes
- Hermantown, MN: higher priced homes
- Hebron, IN: equally priced homes
- Heath, TX: higher priced homes
- Harvard, IL: less expensive homes
- Hartwell, GA: less expensive homes
- Harrison, TN: equally priced homes
- Hamilton Square, NJ: higher priced homes
- Hahira, GA: equally priced homes
- Gunbarrel, CO: higher priced homes
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