Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Penasco area can be challenging. Home prices in Penasco are now at a median cost of $160,789, lower than the New Mexico average of $199,923.
The average cost of rent is $849/mo in Penasco, primarily driven by the current value of real estate in the Penasco area. While nearly 78.80% of residents own their homes outright in Penasco, 19.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Penasco is $3,113 per month. Households that rent pay about 27.26% of their income on rent here. Penasco's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Picuris Pueblo, NM: equally priced homes
- Rodarte, NM: less expensive homes
- Llano, NM: less expensive homes
- Chamisal, NM: equally priced homes
- Llano Largo, NM: less expensive homes
- Vadito, NM: equally priced homes
- Ojo Sarco, NM: higher priced homes
- Canoncito, NM: higher priced homes
- El Valle, NM: less expensive homes
- Rinconada, NM: higher priced homes
Cities with Similar Populations
- Keiser, AR: less expensive homes
- Highmore, SD: less expensive homes
- Hobart, NY: equally priced homes
- Homer, NE: less expensive homes
- Hoosick, NY: higher priced homes
- Iron Post, OK: equally priced homes
- Iva, MI: equally priced homes
- Jasper, MN: less expensive homes
- Jolo, WV: less expensive homes
- Hanover, KS: less expensive homes
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