Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Malaga area can be challenging. Home prices in Malaga are now at a median cost of $167,848, lower than the New Mexico average of $199,923.
The average cost of rent is $919/mo in Malaga, primarily driven by the current value of real estate in the Malaga area. While nearly 95.85% of residents own their homes outright in Malaga, 17.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Malaga is $5,667 per month. Households that rent pay about 16.21% of their income on rent here. Malaga's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Loving, NM: equally priced homes
- Otis, NM: equally priced homes
- Whites City, NM: higher priced homes
- Queen, NM: equally priced homes
- Jal, NM: less expensive homes
- Dell City, NM: less expensive homes
- Frankel City, TX: higher priced homes
- Andrews, TX: equally priced homes
- Tarzan, TX: equally priced homes
- Orogrande, NM: less expensive homes
Cities with Similar Populations
- Falling Spring, WV: less expensive homes
- Union Mills, KY: higher priced homes
- Ulen, IN: higher priced homes
- Townwood, OH: less expensive homes
- Fort Clark, ND: equally priced homes
- Flickerville, IL: higher priced homes
- Fletcher, WV: equally priced homes
- Fletcher, TX: higher priced homes
- Fish Creek, NY: less expensive homes
- Ferney, SD: higher priced homes
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