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Affordable
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These days, finding an affordable place to live in the Ranchitos area can be challenging. Home prices in Ranchitos are now at a median cost of $419,768, higher than the New Mexico average of $265,486.
The average cost of rent is $1,595/mo in Ranchitos, primarily driven by the current value of real estate in the Ranchitos area. In Ranchitos, 5.14% of households rent, and 47.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ranchitos is $8,017 per month. Households that rent pay about 19.90% of their income on rent here. Ranchitos’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rio Rancho, NM: less expensive homes
- Bernalillo, NM: less expensive homes
- El Llanito, NM: higher priced homes
- Corrales, NM: higher priced homes
- Placitas, NM: higher priced homes
- Algodones, NM: less expensive homes
- San Felipe Pueblo, NM: less expensive homes
- Domingo, NM: higher priced homes
- Cerrillos, NM: higher priced homes
- Madrid, NM: higher priced homes
Cities with Similar Populations
- Mohawk, WV: less expensive homes
- Neely, MS: less expensive homes
- Naylor, MO: less expensive homes
- Napoleon, KY: less expensive homes
- Napier Field, AL: less expensive homes
- Mount Tremper, NY: equally priced homes
- Mount Auburn, IL: less expensive homes
- Moro, AR: less expensive homes
- Montpelier, LA: less expensive homes
- Monroeton, PA: less expensive homes
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