Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Hernandez area can be challenging. Home prices in Hernandez are now at a median cost of $270,252, higher than the New Mexico average of $265,486.
The average cost of rent is $927/mo in Hernandez, primarily driven by the current value of real estate in the Hernandez area. In Hernandez, 20.12% of households rent, and 60.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hernandez is $5,055 per month. Households that rent pay about 18.33% of their income on rent here. Hernandez’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- El Duende, NM: equally priced homes
- Chili, NM: higher priced homes
- Chamita, NM: less expensive homes
- Guique, NM: less expensive homes
- San Juan Pueblo, NM: less expensive homes
- Pueblito, NM: equally priced homes
- Ohkay Owingeh, NM: less expensive homes
- Estaca, NM: less expensive homes
- La Villita, NM: less expensive homes
- Alcalde, NM: less expensive homes
Cities with Similar Populations
- Kinsman, OH: less expensive homes
- Donnelly, ID: higher priced homes
- East Gull Lake, MN: higher priced homes
- Exeter, MO: less expensive homes
- Fair Play, MO: less expensive homes
- Fort Polk North, LA: less expensive homes
- Hazelton, ID: equally priced homes
- Imboden, AR: less expensive homes
- Isabel, LA: equally priced homes
- Jackson Center, OH: less expensive homes
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