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These days, finding an affordable place to live in the Lake Arthur area can be challenging. Home prices in Lake Arthur are now at a median cost of $176,312, lower than the New Mexico average of $265,486.
The average cost of rent is $945/mo in Lake Arthur, primarily driven by the current value of real estate in the Lake Arthur area. In Lake Arthur, 20.92% of households rent, and 68.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Arthur is $6,066 per month. Households that rent pay about 15.58% of their income on rent here. Lake Arthur’s most expensive areas are in the southwestern 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
- Riverside, NM: higher priced homes
- Artesia, NM: higher priced homes
- Hope, NM: equally priced homes
- Loco Hills, NM: equally priced homes
- Maljamar, NM: higher priced homes
- Caprock, NM: higher priced homes
- Lovington, NM: higher priced homes
- Hillburn City, NM: higher priced homes
- Mayhill, NM: higher priced homes
- Humble City, NM: higher priced homes
Cities with Similar Populations
- Leesburg, TX: higher priced homes
- Sugar Grove, VA: less expensive homes
- Strayhorn, MS: equally priced homes
- Stratford, IA: less expensive homes
- St. Francis, SD: less expensive homes
- Sherwood Shores, TX: equally priced homes
- San Pierre, IN: higher priced homes
- Ryan, IA: higher priced homes
- Mays Lick, KY: higher priced homes
- Mayking, KY: less expensive homes
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