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

 

La Mesilla, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the La Mesilla area can be challenging. Home prices in La Mesilla are now at a median cost of $245,650, higher than the New Mexico average of $199,923.

The average cost of rent is $566/mo in La Mesilla, primarily driven by the current value of real estate in the La Mesilla area. While nearly 70.55% of residents own their homes outright in La Mesilla, 21.62% rent.

Housing affordability isn’t just about home prices, though. The average household income in La Mesilla is $4,433 per month. Households that rent pay about 12.77% of their income on rent here. La Mesilla's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.


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