The Most Affordable Neighborhoods in Punta de Agua, NM by Home Value

 

Punta de Agua, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Punta de Agua area can be challenging. Home prices in Punta de Agua are now at a median cost of $112,936, lower than the New Mexico average of $199,923.

The average cost of rent is $699/mo in Punta de Agua, primarily driven by the current value of real estate in the Punta de Agua area. While nearly 74.28% of residents own their homes outright in Punta de Agua, 12.26% rent.

Housing affordability isn’t just about home prices, though. The average household income in Punta de Agua is $3,997 per month. Households that rent pay about 17.48% of their income on rent here. Punta de Agua's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.


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