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Affordable
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These days, finding an affordable place to live in the Mimbres area can be challenging. Home prices in Mimbres are now at a median cost of $189,720, lower than the New Mexico average of $265,486.
The average cost of rent is $613/mo in Mimbres, primarily driven by the current value of real estate in the Mimbres area. In Mimbres, 1.38% of households rent, and 51.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mimbres is $4,003 per month. Households that rent pay about 15.32% of their income on rent here. Mimbres’s most expensive areas are in the northern 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
- Hanover, NM: less expensive homes
- San Lorenzo, NM: equally priced homes
- Fort Bayard, NM: less expensive homes
- Sherman, NM: less expensive homes
- Vanadium, NM: less expensive homes
- Bayard, NM: less expensive homes
- Santa Clara, NM: less expensive homes
- Pinos Altos, NM: higher priced homes
- Arenas Valley, NM: higher priced homes
- Hurley, NM: less expensive homes
Cities with Similar Populations
- Guffey, CO: higher priced homes
- Gillisonville, SC: equally priced homes
- Glen Daniel, WV: less expensive homes
- Glengary, OR: higher priced homes
- Gough, GA: less expensive homes
- Grant, TN: higher priced homes
- Gravel Hill, MO: equally priced homes
- Greenland, OH: equally priced homes
- Gresston, GA: less expensive homes
- Grove Park, FL: equally priced homes
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