Home Price Key
Affordable
Average
Expensive
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 $106,905, lower than the New Mexico average of $199,923.
The average cost of rent is $658/mo in Jal, primarily driven by the current value of real estate in the Jal area. While nearly 96.85% of residents own their homes outright in Jal, 24.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Jal is $4,332 per month. Households that rent pay about 15.20% of their income on rent here. Jal's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
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- Queen, NM: higher priced homes
Cities with Similar Populations
- Sparta, KY: higher priced homes
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- Long Grove, IA: higher priced homes
- Pequea, PA: higher priced homes
- Payne, OH: equally priced homes
- New Haven, VT: higher priced homes
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