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These days, finding an affordable place to live in the Lucero area can be challenging. Home prices in Lucero are now at a median cost of $307,977, higher than the New Mexico average of $265,486.
The average cost of rent is $1,039/mo in Lucero, primarily driven by the current value of real estate in the Lucero area. In Lucero, 24.91% of households rent, and 81.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lucero is $7,429 per month. Households that rent pay about 13.99% of their income on rent here. Lucero’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ranchos de Taos, NM: higher priced homes
- Talpa, NM: higher priced homes
- Trampas, NM: less expensive homes
- Ranchito, NM: higher priced homes
- Taos, NM: higher priced homes
- El Prado, NM: higher priced homes
- Carson, NM: equally priced homes
- Picuris Pueblo, NM: less expensive homes
- Taos Pueblo, NM: higher priced homes
- Rinconada, NM: equally priced homes
Cities with Similar Populations
- Florence, AR: less expensive homes
- Texas, NY: less expensive homes
- Texas Creek, CO: higher priced homes
- Terrys Fork, VA: less expensive homes
- Tawawa, OH: less expensive homes
- Tatums, OK: less expensive homes
- Tarpley, TN: less expensive homes
- Talcville, VT: less expensive homes
- Forest River, ND: less expensive homes
- Forest River Colony, ND: less expensive homes
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