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Affordable
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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 $153,298, lower than the New Mexico average of $265,486.
The average cost of rent is $653/mo in Fence Lake, primarily driven by the current value of real estate in the Fence Lake area. In Fence Lake, 18.42% of households rent, and 70.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fence Lake is $5,396 per month. Households that rent pay about 12.10% of their income on rent here. Fence Lake’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hunt, AZ: less expensive homes
- Woodruff, AZ: higher priced homes
- Snowflake, AZ: higher priced homes
- Dalies, NM: higher priced homes
- Bosque, NM: equally priced homes
- Los Chaves, NM: higher priced homes
- Belen, NM: higher priced homes
- Jarales, NM: higher priced homes
- La Constancia, NM: higher 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: equally priced homes
- Redwood, MS: equally 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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