Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lakewood area can be challenging. Home prices in Lakewood are now at a median cost of $121,572, lower than the New Mexico average of $199,923.
The average cost of rent is $981/mo in Lakewood, primarily driven by the current value of real estate in the Lakewood area. While nearly 62.93% of residents own their homes outright in Lakewood, 20.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakewood is $5,693 per month. Households that rent pay about 17.24% of their income on rent here. Lakewood's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Seven Rivers, NM: higher priced homes
- Atoka, NM: equally priced homes
- Knowles, NM: higher priced homes
- Pinon, NM: higher priced homes
- Monument, NM: higher priced homes
- Weed, NM: equally priced homes
- Hobbs, NM: higher priced homes
- North Hobbs, NM: higher priced homes
- Nadine, NM: higher priced homes
- Sacramento, NM: less expensive homes
Cities with Similar Populations
- Milltown, KY: higher priced homes
- McKee Bridge, OR: higher priced homes
- McKnightstown, PA: higher priced homes
- Meacham, OR: higher priced homes
- Meadow Gap, PA: higher priced homes
- Meckling, SD: higher priced homes
- Meddybemps, ME: higher priced homes
- Megargel, TX: less expensive homes
- Metaline, WA: higher priced homes
- Midland, SD: higher priced homes
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