Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Ranchvale area can be challenging. Home prices in Ranchvale are now at a median cost of $179,508, lower than the New Mexico average of $199,923.
The average cost of rent is $725/mo in Ranchvale, primarily driven by the current value of real estate in the Ranchvale area. While nearly 41.20% of residents own their homes outright in Ranchvale, 40.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ranchvale is $5,278 per month. Households that rent pay about 13.73% of their income on rent here. Ranchvale's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Hollene, NM: higher priced homes
- Grier, NM: equally priced homes
- St. Vrain, NM: higher priced homes
- Clovis, NM: less expensive homes
- Cannon Air Force Base, NM: less expensive homes
- Texico, NM: higher priced homes
- Melrose, NM: less expensive homes
- Farwell, TX: less expensive homes
- Krider, NM: equally priced homes
- Lariat, TX: less expensive homes
Cities with Similar Populations
- Westfall, KS: less expensive homes
- Cass, WV: less expensive homes
- Cavendish, ID: less expensive homes
- Cheap Hill, TN: equally priced homes
- Westview, MO: less expensive homes
- Westport, PA: less expensive homes
- Westport, OR: less expensive homes
- Westminster Park, NY: equally priced homes
- Westfield, ND: less expensive homes
- Cashel, ND: less expensive homes
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