The Most Affordable Neighborhoods in New Laguna, NM by Home Value

 

New Laguna, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Laguna area can be challenging. Home prices in New Laguna are now at a median cost of $42,142, lower than the New Mexico average of $199,923.

The average cost of rent is $230/mo in New Laguna, primarily driven by the current value of real estate in the New Laguna area. While nearly 87.65% of residents own their homes outright in New Laguna, 33.27% rent.

Housing affordability isn’t just about home prices, though. The average household income in New Laguna is $3,465 per month. Households that rent pay about 6.63% of their income on rent here. New Laguna's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.


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