Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Espanola area can be challenging. Home prices in Espanola are now at a median cost of $294,499, lower than the Washington average of $453,663.
The average cost of rent is $808/mo in Espanola, primarily driven by the current value of real estate in the Espanola area. While nearly 40.05% of residents own their homes outright in Espanola, 12.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Espanola is $8,167 per month. Households that rent pay about 9.90% of their income on rent here. Espanola's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
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