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Affordable
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These days, finding an affordable place to live in the Penasco Blanco area can be challenging. Home prices in Penasco Blanco are now at a median cost of $137,271, lower than the New Mexico average of $265,486.
The average cost of rent is $1,023/mo in Penasco Blanco, primarily driven by the current value of real estate in the Penasco Blanco area. In Penasco Blanco, 14.08% of households rent, and 76.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penasco Blanco is $4,638 per month. Households that rent pay about 22.06% of their income on rent here. Penasco Blanco’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Carmen, NM: equally priced homes
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- Tierra Monte, NM: higher priced homes
- North Carmen, NM: equally priced homes
- Rociada, NM: higher priced homes
- Upper Rociada, NM: higher priced homes
- Monte Aplanado, NM: equally priced homes
- Mora, NM: equally priced homes
- Buena Vista, NM: less expensive homes
- Manuelitas, NM: higher priced homes
Cities with Similar Populations
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- Mattox, TX: less expensive homes
- Mattson, MN: less expensive homes
- Mayville, OR: higher priced homes
- Mc Indoe Falls, VT: higher priced homes
- McAfee, MS: less expensive homes
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