
Expensive
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These days, finding an affordable place to live in the New Village area can be challenging. Home prices in New Village are now at a median cost of $531,089, lower than the New River average of $609,389.
The average cost of rent is $2,472/mo in New Village, primarily driven by the current value of real estate in the New Village area. In New Village, 14.14% of households rent, and 33.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Village is $10,646 per month. Households that rent pay about 23.22% of their income on rent here. New Village’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- North Gateway, Phoenix, AZ: higher priced homes
- Desert Hills, Cave Creek, AZ: higher priced homes
- Vistancia, Peoria, AZ: higher priced homes
- Desert View, Phoenix, AZ: higher priced homes
- Camino Lago, Phoenix, AZ: higher priced homes
- Deer Valley, Phoenix, AZ: less expensive homes
- Pinnacle Peak, Scottsdale, AZ: higher priced homes
- Ventana Lakes, Peoria, AZ: less expensive homes
- Peacock Village, Peoria, AZ: less expensive homes
- Cactus Gale, Glendale, AZ: less expensive homes
Neighborhoods with Similar Populations
- College Hills, San Angelo, TX: less expensive homes
- Downtown Phoenix, Phoenix, AZ: less expensive homes
- Downtown Village of Holly, Holly, MI: less expensive homes
- East Carollton, New Orleans, LA: higher priced homes
- Sunset Hills, Pittsburgh, PA: less expensive homes
- North Trenton, Trenton, NJ: less expensive homes
- Oak Park, Des Moines, IA: less expensive homes
- Parkway, Albuquerque, NM: less expensive homes
- Pioneer Park, Des Moines, IA: less expensive homes
- Pleasant Acres, New Milford, NJ: higher priced homes
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