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These days, finding an affordable place to live in the Estancia area can be challenging. Home prices in Estancia are now at a median cost of $151,350, lower than the New Mexico average of $265,486.
The average cost of rent is $869/mo in Estancia, primarily driven by the current value of real estate in the Estancia area. In Estancia, 19.46% of households rent, and 74.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Estancia is $5,157 per month. Households that rent pay about 16.86% of their income on rent here. Estancia’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mc Intosh, NM: higher priced homes
- Cedarvale, NM: equally priced homes
- Torreon, NM: higher priced homes
- Willard, NM: less expensive homes
- Manzano, NM: higher priced homes
- Meadow Lake, NM: less expensive homes
- Valencia, NM: less expensive homes
- El Cerro, NM: higher priced homes
- Peralta, NM: higher priced homes
- Bosque Farms, NM: higher priced homes
Cities with Similar Populations
- Claypool, IN: higher priced homes
- Stagecoach, NV: higher priced homes
- Eagle, MI: higher priced homes
- Theresa, NY: equally priced homes
- Crown City, OH: less expensive homes
- Crothersville, IN: equally priced homes
- Counce, TN: equally priced homes
- Clearfield, KY: less expensive homes
- Canaan, NH: higher priced homes
- Campbell, MO: less expensive homes
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