The Most Affordable Neighborhoods in North Carmen, NM by Home Value

 

North Carmen, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the North Carmen area can be challenging. Home prices in North Carmen are now at a median cost of $134,377, lower than the New Mexico average of $265,486.

The average cost of rent is $982/mo in North Carmen, primarily driven by the current value of real estate in the North Carmen area. In North Carmen, 11.68% of households rent, and 79.57% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in North Carmen is $4,125 per month. Households that rent pay about 23.80% of their income on rent here. North Carmen’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.

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


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