Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fence Lake area can be challenging. Home prices in Fence Lake are now at a median cost of $114,363, lower than the New Mexico average of $199,923.
The average cost of rent is $682/mo in Fence Lake, primarily driven by the current value of real estate in the Fence Lake area. While nearly 90.68% of residents own their homes outright in Fence Lake, 10.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fence Lake is $4,160 per month. Households that rent pay about 16.40% of their income on rent here. Fence Lake's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
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- Bosque, NM: equally priced homes
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- Belen, NM: equally priced homes
- Jarales, NM: higher priced homes
- La Constancia, NM: equally priced homes
- Tome, NM: higher priced homes
Cities with Similar Populations
- Richardson, WI: higher priced homes
- Morning Star, VA: higher priced homes
- Mount Vernon, NC: higher priced homes
- Redman, MI: higher priced homes
- Redwood, MS: higher priced homes
- Reesville, OH: higher priced homes
- Renault, IL: higher priced homes
- Rexville, NY: equally priced homes
- Riceville, MS: higher priced homes
- Monches, WI: higher priced homes
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