Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Oil Center area can be challenging. Home prices in Oil Center are now at a median cost of $116,379, lower than the New Mexico average of $199,923.
The average cost of rent is $1,116/mo in Oil Center, primarily driven by the current value of real estate in the Oil Center area. While nearly 76.52% of residents own their homes outright in Oil Center, 19.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oil Center is $5,398 per month. Households that rent pay about 20.67% of their income on rent here. Oil Center's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Eunice, NM: equally priced homes
- Frankel City, TX: higher priced homes
- Florey, TX: higher priced homes
- Andrews, TX: higher priced homes
- La Huerta, NM: higher priced homes
- Otis, NM: higher priced homes
- Carlsbad, NM: higher priced homes
- Carlsbad North, NM: higher priced homes
- West Carlsbad, NM: higher priced homes
- Seven Rivers, NM: higher priced homes
Cities with Similar Populations
- Cato, KS: less expensive homes
- Cameron, PA: less expensive homes
- Canoochee, GA: less expensive homes
- Caratunk, ME: less expensive homes
- Carp, MN: higher priced homes
- Carson Lake, AR: equally priced homes
- Carter, MS: equally priced homes
- Casa Loma, CA: higher priced homes
- Cascadia, OR: higher priced homes
- Cat Creek, MT: higher priced homes
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