The Most Affordable Neighborhoods in Monero, NM by Home Value

 

Monero, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Monero area can be challenging. Home prices in Monero are now at a median cost of $100,067, lower than the New Mexico average of $199,923.

The average cost of rent is $479/mo in Monero, primarily driven by the current value of real estate in the Monero area. While nearly 68.14% of residents own their homes outright in Monero, 27.88% rent.

Housing affordability isn’t just about home prices, though. The average household income in Monero is $3,304 per month. Households that rent pay about 14.50% of their income on rent here. Monero's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.


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