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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 $337,111, higher than the New Mexico average of $265,486.
The average cost of rent is $1,211/mo in Ranchvale, primarily driven by the current value of real estate in the Ranchvale area. In Ranchvale, 42.34% of households rent, and 45.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ranchvale is $6,097 per month. Households that rent pay about 19.86% of their income on rent here. Ranchvale’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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