Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fairacres area can be challenging. Home prices in Fairacres are now at a median cost of $254,261, higher than the New Mexico average of $199,923.
The average cost of rent is $1,085/mo in Fairacres, primarily driven by the current value of real estate in the Fairacres area. While nearly 74.20% of residents own their homes outright in Fairacres, 20.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fairacres is $7,245 per month. Households that rent pay about 14.98% of their income on rent here. Fairacres's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Mesilla, NM: higher priced homes
- Dona Ana, NM: less expensive homes
- Las Cruces, NM: less expensive homes
- Santo Tomas, NM: less expensive homes
- Mesilla Park, NM: less expensive homes
- San Miguel, NM: less expensive homes
- La Mesa, NM: less expensive homes
- Mesquite, NM: less expensive homes
- Vado, NM: less expensive homes
- White Sands, NM: less expensive homes
Cities with Similar Populations
- Blaine, MS: less expensive homes
- West Groton, VT: less expensive homes
- West Freedom, PA: less expensive homes
- West Creek, PA: less expensive homes
- West Bend, AL: less expensive homes
- Syria, VA: equally priced homes
- Bonanza Grove, MN: less expensive homes
- Bluffton, AR: less expensive homes
- Bluff City, KY: less expensive homes
- Blue Grass, VA: less expensive homes
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