The Most Affordable Neighborhoods in La Loma, NM by Home Value

These days, finding an affordable place to live in the La Loma area can be challenging. Home prices in La Loma are now at a median cost of $54,948, lower than the New Mexico average of $265,486.

The average cost of rent is $443/mo in La Loma, primarily driven by the current value of real estate in the La Loma area. In La Loma, 18.02% of households rent, and 73.43% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in La Loma is $2,530 per month. Households that rent pay about 17.52% of their income on rent here. La Loma’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.

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