Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Garfield area can be challenging. Home prices in Garfield are now at a median cost of $61,446, lower than the New Mexico average of $199,923.
The average cost of rent is $438/mo in Garfield, primarily driven by the current value of real estate in the Garfield area. While nearly 97.41% of residents own their homes outright in Garfield, 40.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Garfield is $1,677 per month. Households that rent pay about 26.13% of their income on rent here. Garfield's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Derry, NM: higher priced homes
- Salem, NM: higher priced homes
- Arrey, NM: higher priced homes
- Hatch, NM: higher priced homes
- Rodey, NM: higher priced homes
- Rincon, NM: equally priced homes
- Hillsboro, NM: higher priced homes
- Kingston, NM: higher priced homes
- Sherman, NM: equally priced homes
- San Lorenzo, NM: higher priced homes
Cities with Similar Populations
- Lebanon, AL: higher priced homes
- Stacer, IN: higher priced homes
- St. Pats, KS: higher priced homes
- St. Joseph, WI: higher priced homes
- St. Augustine, IL: equally priced homes
- Springtown, IN: higher priced homes
- Spring Grove, IN: higher priced homes
- Spring Creek, KY: higher priced homes
- Southworth, OH: higher priced homes
- South Walden, VT: higher priced homes
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