Home Price Key
Affordable
Average
Expensive
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 $69,870, lower than the New Mexico average of $199,923.
The average cost of rent is $371/mo in Ponderosa Heights, primarily driven by the current value of real estate in the Ponderosa Heights area. While nearly 77.42% of residents own their homes outright in Ponderosa Heights, 45.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ponderosa Heights is $2,507 per month. Households that rent pay about 14.79% of their income on rent here. Ponderosa Heights's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
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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