Home Price Key
Affordable
Average
Expensive
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 $158,268, lower than the New Mexico average of $199,923.
The average cost of rent is $935/mo in Hernandez, primarily driven by the current value of real estate in the Hernandez area. While nearly 68.51% of residents own their homes outright in Hernandez, 26.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hernandez is $3,652 per month. Households that rent pay about 25.60% of their income on rent here. Hernandez's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- El Duende, NM: equally priced homes
- Chili, NM: higher priced homes
- Chamita, NM: higher priced homes
- Guique, NM: equally priced homes
- San Juan Pueblo, NM: higher priced homes
- Pueblito, NM: higher priced homes
- Ohkay Owingeh, NM: higher priced homes
- Estaca, NM: equally priced homes
- La Villita, NM: equally priced homes
- Alcalde, NM: equally priced 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: higher priced homes
- Jackson Center, OH: equally priced homes
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