Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hondo area can be challenging. Home prices in Hondo are now at a median cost of $169,237, lower than the New Mexico average of $199,923.
The average cost of rent is $507/mo in Hondo, primarily driven by the current value of real estate in the Hondo area. While nearly 62.97% of residents own their homes outright in Hondo, 17.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hondo is $4,192 per month. Households that rent pay about 12.10% of their income on rent here. Hondo's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- San Patricio, NM: equally priced homes
- Glencoe, NM: equally priced homes
- Picacho, NM: equally priced homes
- Fort Stanton, NM: higher priced homes
- Ruidoso Downs, NM: equally priced homes
- Alto, NM: higher priced homes
- Ruidoso, NM: higher priced homes
- Sierra Vista, NM: higher priced homes
- Ponderosa Heights, NM: less expensive homes
- Roswell, NM: less expensive homes
Cities with Similar Populations
- Spicer City, CA: higher priced homes
- Smolan, KS: less expensive homes
- Somerville, ME: equally priced homes
- South Bethlehem, NY: higher priced homes
- South Branch, MN: less expensive homes
- South Carrollton, KY: less expensive homes
- South Newcastle, ME: higher priced homes
- South Oxford, NY: less expensive homes
- South Warsaw, NY: less expensive homes
- Speight, KY: less expensive homes
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