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Affordable
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These days, finding an affordable place to live in the Montoya area can be challenging. Home prices in Montoya are now at a median cost of $157,500, lower than the New Mexico average of $265,486.
The average cost of rent is $934/mo in Montoya, primarily driven by the current value of real estate in the Montoya area. In Montoya, 51.76% of households rent, and 59.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Montoya is $3,036 per month. Households that rent pay about 30.77% of their income on rent here. Montoya’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tucumcari, NM: less expensive homes
- Newkirk, NM: higher priced homes
- San Jon, NM: equally priced homes
- Bard, NM: equally priced homes
- Glenrio, TX: higher priced homes
- La Loma, NM: less expensive homes
- Upper Dilia, NM: less expensive homes
- Llano Del Medio, NM: less expensive homes
- Anton Chico, NM: less expensive homes
- Tecolotito, NM: higher priced homes
Cities with Similar Populations
- Sadie, LA: less expensive homes
- Mc Indoe Falls, VT: higher priced homes
- McCullochs Mills, PA: higher priced homes
- McCullough, AL: less expensive homes
- McDowell, AL: higher priced homes
- McGees Mills, PA: less expensive homes
- McGuire Park, WV: higher priced homes
- McKee, PA: equally priced homes
- McNeals Corner, VA: higher priced homes
- McPhersonville, SC: equally priced homes
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