The Most Affordable Neighborhoods in Quemado, NM by Home Value

 

Quemado, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Quemado area can be challenging. Home prices in Quemado are now at a median cost of $188,940, lower than the New Mexico average of $199,923.

The average cost of rent is $786/mo in Quemado, primarily driven by the current value of real estate in the Quemado area. While nearly 92.97% of residents own their homes outright in Quemado, 19.27% rent.

Housing affordability isn’t just about home prices, though. The average household income in Quemado is $3,858 per month. Households that rent pay about 20.37% of their income on rent here. Quemado's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.


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