The Most Affordable Neighborhoods in Gonzales Ranch, NM by Home Value

 

Gonzales Ranch, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gonzales Ranch area can be challenging. Home prices in Gonzales Ranch are now at a median cost of $208,522, lower than the New Mexico average of $265,486.

The average cost of rent is $938/mo in Gonzales Ranch, primarily driven by the current value of real estate in the Gonzales Ranch area. In Gonzales Ranch, 32.43% of households rent, and 94.63% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gonzales Ranch is $2,953 per month. Households that rent pay about 31.77% of their income on rent here. Gonzales Ranch’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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