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

 

Los Montoyas, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Los Montoyas area can be challenging. Home prices in Los Montoyas are now at a median cost of $116,000, lower than the New Mexico average of $199,923.

The average cost of rent is $572/mo in Los Montoyas, primarily driven by the current value of real estate in the Los Montoyas area. While nearly 82.12% of residents own their homes outright in Los Montoyas, 4.06% rent.

Housing affordability isn’t just about home prices, though. The average household income in Los Montoyas is $2,639 per month. Households that rent pay about 21.68% of their income on rent here. Los Montoyas's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.


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