The Most Affordable Neighborhoods in Near N Valley, Albuquerque, NM by Home Value

 

Near N Valley, Albuquerque, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Near N Valley area can be challenging. Home prices in Near N Valley are now at a median cost of $311,049, higher than the Albuquerque average of $300,813.

The average cost of rent is $1,034/mo in Near N Valley, primarily driven by the current value of real estate in the Near N Valley area. In Near N Valley, 44.93% of households rent, and 31.66% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Near N Valley is $4,220 per month. Households that rent pay about 24.50% of their income on rent here. Near N Valley’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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