Home Price Key
Affordable
Average
Expensive
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 $128,579, lower than the New Mexico average of $199,923.
The average cost of rent is $858/mo in Lake Arthur, primarily driven by the current value of real estate in the Lake Arthur area. While nearly 65.06% of residents own their homes outright in Lake Arthur, 17.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Arthur is $4,944 per month. Households that rent pay about 17.36% of their income on rent here. Lake Arthur's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Riverside, NM: higher priced homes
- Artesia, NM: higher priced homes
- Hope, NM: equally priced homes
- Loco Hills, NM: higher priced homes
- Maljamar, NM: equally priced homes
- Caprock, NM: equally 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: higher priced homes
- Stratford, IA: less expensive homes
- St. Francis, SD: less expensive homes
- Sherwood Shores, TX: less expensive 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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