The Most Affordable Neighborhoods in Mountain Park, NM by Home Value

 

Mountain Park, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mountain Park area can be challenging. Home prices in Mountain Park are now at a median cost of $176,500, lower than the New Mexico average of $199,923.

The average cost of rent is $750/mo in Mountain Park, primarily driven by the current value of real estate in the Mountain Park area. While nearly 37.40% of residents own their homes outright in Mountain Park, 12.67% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mountain Park is $6,188 per month. Households that rent pay about 12.12% of their income on rent here. Mountain Park's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.


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