Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Los Ranchos de Albuquerque area can be challenging. Home prices in Los Ranchos de Albuquerque are now at a median cost of $388,806, higher than the New Mexico average of $199,923.
The average cost of rent is $1,028/mo in Los Ranchos de Albuquerque, primarily driven by the current value of real estate in the Los Ranchos de Albuquerque area. While nearly 31.13% of residents own their homes outright in Los Ranchos de Albuquerque, 25.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Los Ranchos de Albuquerque is $7,101 per month. Households that rent pay about 14.48% of their income on rent here. Los Ranchos de Albuquerque's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- North Valley, NM: less expensive homes
- Albuquerque, NM: less expensive homes
- Paradise Hills, NM: less expensive homes
- Corrales, NM: equally priced homes
- Rio Rancho, NM: less expensive homes
- Kirtland Afb, NM: less expensive homes
- South Valley, NM: less expensive homes
- Cedar Crest, NM: less expensive homes
- Zamora, NM: less expensive homes
- Five Points, NM: less expensive homes
Cities with Similar Populations
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- Etowah, TN: less expensive homes
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- Estherville, IA: less expensive homes
- Waretown, NJ: less expensive homes
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