Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Medanales area can be challenging. Home prices in Medanales are now at a median cost of $171,189, lower than the New Mexico average of $199,923.
The average cost of rent is $743/mo in Medanales, primarily driven by the current value of real estate in the Medanales area. While nearly 61.68% of residents own their homes outright in Medanales, 14.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Medanales is $5,382 per month. Households that rent pay about 13.80% of their income on rent here. Medanales's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Chili, NM: higher priced homes
- Hernandez, NM: equally priced homes
- El Duende, NM: equally priced homes
- Abiquiu, NM: higher priced homes
- Estaca, NM: equally priced homes
- Guique, NM: equally priced homes
- Chamita, NM: higher priced homes
- Los Luceros, NM: equally priced homes
- Alcalde, NM: equally priced homes
- La Villita, NM: equally priced homes
Cities with Similar Populations
- Huetter, ID: higher priced homes
- Stockbridge, WI: higher priced homes
- Stahlstown, PA: equally priced homes
- Springboro, PA: less expensive homes
- Sligo, NC: higher priced homes
- Darmstadt, IN: higher priced homes
- Westmoreland, KS: equally priced homes
- Hooper Bay, AK: less expensive homes
- Conway, MA: higher priced homes
- Cloverport, KY: less expensive homes
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