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Affordable
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These days, finding an affordable place to live in the Ranchito area can be challenging. Home prices in Ranchito are now at a median cost of $411,226, higher than the New Mexico average of $265,486.
The average cost of rent is $1,993/mo in Ranchito, primarily driven by the current value of real estate in the Ranchito area. In Ranchito, 26.03% of households rent, and 39.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ranchito is $6,976 per month. Households that rent pay about 28.57% of their income on rent here. Ranchito’s most expensive areas are in the central 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
- Taos, NM: equally priced homes
- Ranchos de Taos, NM: less expensive homes
- El Prado, NM: higher priced homes
- Trampas, NM: less expensive homes
- Taos Pueblo, NM: higher priced homes
- Lucero, NM: less expensive homes
- Talpa, NM: less expensive homes
- Carson, NM: less expensive homes
- Valle Escondido, NM: equally priced homes
- Picuris Pueblo, NM: less expensive homes
Cities with Similar Populations
- Piercy, CA: equally priced homes
- Pomona, GA: less expensive homes
- Pleasant Lane, SC: less expensive homes
- Pleasant Hill, TX: less expensive homes
- Pleasant Grove, TX: less expensive homes
- Pleasant Gap, MO: less expensive homes
- Plattsville, PA: less expensive homes
- Pisek, ND: less expensive homes
- Pine Ridge, AR: less expensive homes
- Ponset, CT: equally priced homes
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