The Most Affordable Neighborhoods in Embudo Canyon, Albuquerque, NM by Home Value

 

Embudo Canyon, Albuquerque, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Embudo Canyon area can be challenging. Home prices in Embudo Canyon are now at a median cost of $283,111, higher than the Albuquerque average of $228,585.

The average cost of rent is $1,336/mo in Embudo Canyon, primarily driven by the current value of real estate in the Embudo Canyon area. While nearly 45.35% of residents own their homes outright in Embudo Canyon, 30.62% rent.

Housing affordability isn’t just about home prices, though. The average household income in Embudo Canyon is $7,556 per month. Households that rent pay about 17.68% of their income on rent here. Embudo Canyon's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the neighborhood.


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