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Affordable
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These days, finding an affordable place to live in the Hope area can be challenging. Home prices in Hope are now at a median cost of $176,417, lower than the New Mexico average of $265,486.
The average cost of rent is $1,189/mo in Hope, primarily driven by the current value of real estate in the Hope area. In Hope, 22.76% of households rent, and 63.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hope is $6,131 per month. Households that rent pay about 19.39% of their income on rent here. Hope’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Artesia, NM: higher priced homes
- Atoka, NM: less expensive homes
- Lake Arthur, NM: equally priced homes
- Riverside, NM: higher priced homes
- Loco Hills, NM: equally priced homes
- Weed, NM: higher priced homes
- Mayhill, NM: higher priced homes
- Maljamar, NM: higher priced homes
- Sacramento, NM: higher priced homes
- Cloudcroft, NM: higher priced homes
Cities with Similar Populations
- Spokeville, WI: equally priced homes
- Garza-Salinas II, TX: less expensive homes
- Guatay, CA: higher priced homes
- Scotts Corners, NY: higher priced homes
- Shooting Creek, NC: higher priced homes
- Silver Lake, NJ: higher priced homes
- Slaterville Springs, NY: higher priced homes
- Soldier Pond, ME: higher priced homes
- South Wadesboro, NC: less expensive homes
- Florida, MA: higher priced homes
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