The Most Affordable Neighborhoods in Mayhill, NM by Home Value

 

Mayhill, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mayhill area can be challenging. Home prices in Mayhill are now at a median cost of $177,622, lower than the New Mexico average of $199,923.

The average cost of rent is $750/mo in Mayhill, primarily driven by the current value of real estate in the Mayhill area. While nearly 43.07% of residents own their homes outright in Mayhill, 19.86% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mayhill is $4,840 per month. Households that rent pay about 15.51% of their income on rent here. Mayhill's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.


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