Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the El Cerro area can be challenging. Home prices in El Cerro are now at a median cost of $127,538, lower than the New Mexico average of $199,923.
The average cost of rent is $1,057/mo in El Cerro, primarily driven by the current value of real estate in the El Cerro area. While nearly 24.56% of residents own their homes outright in El Cerro, 8.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in El Cerro is $4,017 per month. Households that rent pay about 26.31% of their income on rent here. El Cerro's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Tome, NM: higher priced homes
- Los Lunas, NM: higher priced homes
- Los Chaves, NM: higher priced homes
- La Constancia, NM: less expensive homes
- Valencia, NM: equally priced homes
- Peralta, NM: higher priced homes
- Los Lentes, NM: higher priced homes
- Belen, NM: equally priced homes
- Bosque Farms, NM: higher priced homes
- Meadow Lake, NM: less expensive homes
Cities with Similar Populations
- Flohrville, MD: higher priced homes
- Fulda, IN: higher priced homes
- Froelich, IA: less expensive homes
- Friley, AR: less expensive homes
- Freeport, WV: less expensive homes
- Freeland Park, IN: equally priced homes
- Frankfort Springs, PA: higher priced homes
- Frances, WA: higher priced homes
- Fox, OK: less expensive homes
- Fox, MI: higher priced homes
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