Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Otero County area can be challenging. Home prices in Otero County are now at a median cost of $146,512, lower than the New Mexico average of $199,923.
The average cost of rent is $842/mo in Otero County, primarily driven by the current value of real estate in the Otero County area. While nearly 57.34% of residents own their homes outright in Otero County, 28.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Otero County is $4,180 per month. Households that rent pay about 20.14% of their income on rent here. Otero County's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the county.
Nearby Counties
- Grant County, NM: equally priced homes
- Lea County, NM: higher priced homes
- Gaines County, TX: higher priced homes
- Graham County, AZ: equally priced homes
- Dawson County, TX: less expensive homes
- Borden County, TX: equally priced homes
- Scurry County, TX: less expensive homes
- Fisher County, TX: less expensive homes
- Jones County, TX: less expensive homes
- Shackelford County, TX: equally priced homes
Counties with Similar Populations
- Ward County, ND: higher priced homes
- Carbon County, PA: equally priced homes
- Carteret County, NC: higher priced homes
- Catoosa County, GA: higher priced homes
- Chaves County, NM: less expensive homes
- Union County, OH: higher priced homes
- Vermilion County, IL: less expensive homes
- Walker County, AL: less expensive homes
- Walla Walla County, WA: higher priced homes
- Allegany County, MD: equally priced homes
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