
Affordable
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These days, finding an affordable place to live in the Ocate area can be challenging. Home prices in Ocate are now at a median cost of $207,897, lower than the New Mexico average of $265,486.
The average cost of rent is $861/mo in Ocate, primarily driven by the current value of real estate in the Ocate area. In Ocate, 19.33% of households rent, and 81.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ocate is $4,021 per month. Households that rent pay about 21.42% of their income on rent here. Ocate’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Los Hueros, NM: less expensive homes
- Val Verde, NM: higher priced homes
- Guadalupita, NM: less expensive homes
- Lake View Pines, NM: higher priced homes
- Idlewild, NM: higher priced homes
- Angel Fire, NM: higher priced homes
- Chacon, NM: less expensive homes
- Valle Escondido, NM: higher priced homes
- Miami, NM: higher priced homes
- Tres Ritos, NM: less expensive homes
Cities with Similar Populations
- West Freedom, PA: less expensive homes
- Chance, KY: less expensive homes
- Wayne, NY: higher priced homes
- Welge, IL: less expensive homes
- Wellwood, TN: less expensive homes
- Werner, ND: equally priced homes
- West Colesville, NY: less expensive homes
- West Creek, PA: less expensive homes
- West Ely, MO: equally priced homes
- West End, WV: less expensive homes
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