The Most Affordable Neighborhoods in Logan, NM by Home Value

These days, finding an affordable place to live in the Logan area can be challenging. Home prices in Logan are now at a median cost of $119,109, lower than the New Mexico average of $265,486.

The average cost of rent is $1,064/mo in Logan, primarily driven by the current value of real estate in the Logan area. In Logan, 15.51% of households rent, and 79.84% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Logan is $3,257 per month. Households that rent pay about 32.68% of their income on rent here. Logan’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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