The Most Affordable Neighborhoods in Los Cerrillos, NM by Home Value

 

Los Cerrillos, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Los Cerrillos area can be challenging. Home prices in Los Cerrillos are now at a median cost of $304,300, higher than the New Mexico average of $199,923.

The average cost of rent is $1,167/mo in Los Cerrillos, primarily driven by the current value of real estate in the Los Cerrillos area. While nearly 67.17% of residents own their homes outright in Los Cerrillos, 38.60% rent.

Housing affordability isn’t just about home prices, though. The average household income in Los Cerrillos is $2,845 per month. Households that rent pay about 41.01% of their income on rent here. Los Cerrillos's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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