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These days, finding an affordable place to live in the El Rito area can be challenging. Home prices in El Rito are now at a median cost of $307,283, higher than the New Mexico average of $265,486.
The average cost of rent is $740/mo in El Rito, primarily driven by the current value of real estate in the El Rito area. In El Rito, 2.64% of households rent, and 73.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in El Rito is $3,726 per month. Households that rent pay about 19.86% of their income on rent here. El Rito’s most expensive areas are in the northwestern 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
- Las Placitas, NM: equally priced homes
- Lamadera, NM: equally priced homes
- Ojo Caliente, NM: less expensive homes
- Vallecitos, NM: equally priced homes
- Abiquiu, NM: higher priced homes
- Barranca, NM: higher priced homes
- Petaca, NM: equally priced homes
- Canjilon, NM: less expensive homes
- Embudo, NM: equally priced homes
- Rinconada, NM: equally priced homes
Cities with Similar Populations
- Analomink, PA: equally priced homes
- Nick, KY: less expensive homes
- Pe Ell, WA: equally priced homes
- Patterson, IA: higher priced homes
- Paris, MS: less expensive homes
- Otis, LA: less expensive homes
- Orlando, OK: less expensive homes
- Oretta, LA: less expensive homes
- Olive Green, OH: higher priced homes
- Oklahoma, PA: less expensive homes
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