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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 $124,826, lower than the New Mexico average of $199,923.
The average cost of rent is $671/mo in Elida, primarily driven by the current value of real estate in the Elida area. While nearly 52.78% of residents own their homes outright in Elida, 27.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elida is $4,453 per month. Households that rent pay about 15.08% of their income on rent here. Elida's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Kenna, NM: equally priced homes
- Dora, NM: equally priced homes
- Pep, NM: equally priced homes
- Rogers, NM: equally priced homes
- Causey, NM: less expensive homes
- Needmore, TX: equally priced homes
- Maple, TX: equally priced homes
- Enochs, TX: equally priced homes
- Bula, TX: less expensive homes
- Friendship, TX: less expensive homes
Cities with Similar Populations
- Clarktown, TN: less expensive homes
- Chesconessex, VA: higher priced homes
- Wagner, PA: higher priced homes
- Chestnut Bluff, TN: less expensive homes
- Cheyney, PA: higher priced homes
- China, AL: less expensive homes
- Waconda, OR: higher priced homes
- Citronelle, FL: higher priced homes
- Claremont, SD: less expensive homes
- Clarendon, MI: equally priced homes
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