
Affordable
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These days, finding an affordable place to live in the Luis Lopez area can be challenging. Home prices in Luis Lopez are now at a median cost of $173,147, lower than the New Mexico average of $265,486.
The average cost of rent is $632/mo in Luis Lopez, primarily driven by the current value of real estate in the Luis Lopez area. In Luis Lopez, 29.20% of households rent, and 79.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Luis Lopez is $5,540 per month. Households that rent pay about 11.42% of their income on rent here. Luis Lopez’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- San Antonio, NM: equally priced homes
- San Antonito, NM: equally priced homes
- Socorro, NM: equally priced homes
- Florida, NM: equally priced homes
- Bingham, NM: less expensive homes
- Datil, NM: higher priced homes
- Aragon, NM: equally priced homes
- Cruzville, NM: less expensive homes
- Luna, NM: less expensive homes
- Alpine, AZ: higher priced homes
Cities with Similar Populations
- Weathersfield Bow, VT: higher priced homes
- Virginia, MO: higher priced homes
- Waco, TN: higher priced homes
- Wagon Mound, NM: equally priced homes
- Walls Crossing, GA: less expensive homes
- Walnut Grove, KY: less expensive homes
- Wamic, OR: higher priced homes
- Washington, MN: higher priced homes
- Waterbury, NE: equally priced homes
- Waucedah, MI: equally priced homes
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