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Affordable
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These days, finding an affordable place to live in the McGaffey area can be challenging. Home prices in McGaffey are now at a median cost of $153,430, lower than the New Mexico average of $265,486.
The average cost of rent is $1,210/mo in McGaffey, primarily driven by the current value of real estate in the McGaffey area. In McGaffey, 13.91% of households rent, and 42.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in McGaffey is $6,905 per month. Households that rent pay about 17.53% of their income on rent here. McGaffey’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lower Nutria, NM: equally priced homes
- Prewitt, NM: less expensive homes
- Vanderwagen, NM: less expensive homes
- Bluewater, NM: equally priced homes
- Milan, NM: less expensive homes
- Grants, NM: equally priced homes
- Lupton, AZ: less expensive homes
- San Fidel, NM: less expensive homes
- San Mateo, NM: equally priced homes
- Houck, AZ: less expensive homes
Cities with Similar Populations
- Carta Valley, TX: higher priced homes
- Cannondale, CT: higher priced homes
- Canton City, ND: higher priced homes
- Canyondam, CA: higher priced homes
- Cap au Gris, MO: higher priced homes
- Capa, SD: equally priced homes
- Caprock, NM: higher priced homes
- Cardwell Town, VA: less expensive homes
- Carrizo, AZ: less expensive homes
- Canebrake, LA: higher priced homes
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