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Affordable
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These days, finding an affordable place to live in the Lemitar area can be challenging. Home prices in Lemitar are now at a median cost of $169,108, lower than the New Mexico average of $265,486.
The average cost of rent is $684/mo in Lemitar, primarily driven by the current value of real estate in the Lemitar area. In Lemitar, 7.95% of households rent, and 69.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lemitar is $3,412 per month. Households that rent pay about 20.04% of their income on rent here. Lemitar’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
- Polvadera, NM: equally priced homes
- Florida, NM: equally priced homes
- Socorro, NM: equally priced homes
- San Acacia, NM: higher priced homes
- Magdalena, NM: less expensive homes
- Claunch, NM: higher priced homes
- Pie Town, NM: higher priced homes
- Datil, NM: higher priced homes
- Corona, NM: higher priced homes
- Red Hill, NM: higher priced homes
Cities with Similar Populations
- Stratton, MS: less expensive homes
- Halcyondale, GA: equally priced homes
- Hale, MO: less expensive homes
- Hallsburg, TX: higher priced homes
- South Strafford, VT: higher priced homes
- South Union, KY: higher priced homes
- Spencer, MI: higher priced homes
- St. Libory, IL: higher priced homes
- St. Peter, IL: less expensive homes
- Stanhope, IA: equally priced homes
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