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Affordable
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These days, finding an affordable place to live in the Ponderosa Heights area can be challenging. Home prices in Ponderosa Heights are now at a median cost of $90,305, lower than the New Mexico average of $265,486.
The average cost of rent is $442/mo in Ponderosa Heights, primarily driven by the current value of real estate in the Ponderosa Heights area. In Ponderosa Heights, 30.87% of households rent, and 71.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ponderosa Heights is $3,696 per month. Households that rent pay about 11.96% of their income on rent here. Ponderosa Heights’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ruidoso, NM: higher priced homes
- Mescalero, NM: less expensive homes
- Ruidoso Downs, NM: higher priced homes
- Bent, NM: higher priced homes
- Glencoe, NM: higher priced homes
- Hondo, NM: higher priced homes
- Picacho, NM: higher priced homes
- Roswell, NM: higher priced homes
- Dexter, NM: higher priced homes
- Hot Springs Landing, NM: higher priced homes
Cities with Similar Populations
- Cairo, WV: higher priced homes
- Washingtonville, PA: higher priced homes
- Wadena, IA: higher priced homes
- Vernon, ID: higher priced homes
- Clarksburg, KY: higher priced homes
- Claremont, VA: higher priced homes
- Clare, IL: higher priced homes
- Christine, ND: higher priced homes
- Cayce, KY: higher priced homes
- Casanova, VA: higher priced homes
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