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These days, finding an affordable place to live in the Elida area can be challenging. Home prices in Elida are now at a median cost of $189,424, lower than the New Mexico average of $265,486.
The average cost of rent is $1,214/mo in Elida, primarily driven by the current value of real estate in the Elida area. In Elida, 18.06% of households rent, and 61.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elida is $5,079 per month. Households that rent pay about 23.91% of their income on rent here. Elida’s most expensive areas are in the central 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
- Kenna, NM: equally priced homes
- Dora, NM: less expensive homes
- Pep, NM: less expensive homes
- Rogers, NM: less expensive homes
- Causey, NM: less expensive homes
- Needmore, TX: higher priced homes
- Maple, TX: higher priced homes
- Enochs, TX: less expensive homes
- Bula, TX: equally priced homes
- Friendship, TX: less expensive homes
Cities with Similar Populations
- Clarktown, TN: less expensive homes
- Chesconessex, VA: higher priced homes
- Wagner, PA: less expensive homes
- Chestnut Bluff, TN: less expensive homes
- Cheyney, PA: higher priced homes
- China, AL: less expensive homes
- Waconda, OR: higher priced homes
- Citronelle, FL: equally priced homes
- Claremont, SD: less expensive homes
- Clarendon, MI: less expensive homes
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