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

 

North Valley, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the North Valley area can be challenging. Home prices in North Valley are now at a median cost of $268,004, higher than the New Mexico average of $199,923.

The average cost of rent is $949/mo in North Valley, primarily driven by the current value of real estate in the North Valley area. While nearly 51.98% of residents own their homes outright in North Valley, 26.97% rent.

Housing affordability isn’t just about home prices, though. The average household income in North Valley is $4,776 per month. Households that rent pay about 19.88% of their income on rent here. North Valley's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.


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