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Affordable
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These days, finding an affordable place to live in the Jal area can be challenging. Home prices in Jal are now at a median cost of $113,072, lower than the New Mexico average of $265,486.
The average cost of rent is $1,318/mo in Jal, primarily driven by the current value of real estate in the Jal area. In Jal, 26.70% of households rent, and 90.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Jal is $3,657 per month. Households that rent pay about 36.04% of their income on rent here. Jal’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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