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Affordable
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These days, finding an affordable place to live in the Lake Valley area can be challenging. Home prices in Lake Valley are now at a median cost of $84,000, lower than the New Mexico average of $265,486.
The average cost of rent is $879/mo in Lake Valley, primarily driven by the current value of real estate in the Lake Valley area. In Lake Valley, 15.62% of households rent, and 99.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Valley is $2,591 per month. Households that rent pay about 33.92% of their income on rent here. Lake Valley’s most expensive areas are in the central 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
- White Rock, NM: equally priced homes
- Nageezi, NM: less expensive homes
- Newcomb, NM: less expensive homes
- Sheep Springs, NM: less expensive homes
- Two Grey Hills, NM: less expensive homes
- Counselor, NM: less expensive homes
- Toadlena, NM: less expensive homes
- Wheatfields, AZ: less expensive homes
- Tsaile, AZ: less expensive homes
- White Clay, AZ: less expensive homes
Cities with Similar Populations
- Rocky Head, AL: higher priced homes
- New Scotland, NY: higher priced homes
- Newport, FL: higher priced homes
- North Bethel, ME: higher priced homes
- North Ilion, NY: higher priced homes
- North Manlius, NY: higher priced homes
- North Pownal, VT: higher priced homes
- Olivet, KS: higher priced homes
- Pearsons Corner, SD: higher priced homes
- Richfield, NY: higher priced homes
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