The Most Affordable Neighborhoods in Ponderosa Pine, NM by Home Value

 

Ponderosa Pine, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ponderosa Pine area can be challenging. Home prices in Ponderosa Pine are now at a median cost of $278,500, higher than the New Mexico average of $199,923.

The average cost of rent is $2,188/mo in Ponderosa Pine, primarily driven by the current value of real estate in the Ponderosa Pine area. While nearly 32.78% of residents own their homes outright in Ponderosa Pine, 9.53% rent.

Housing affordability isn’t just about home prices, though. The average household income in Ponderosa Pine is $7,014 per month. Households that rent pay about 31.20% of their income on rent here. Ponderosa Pine's most expensive areas are in the northeastern regions, while the cheapest areas are in the northeastern parts of the city.


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