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These days, finding an affordable place to live in the Riverside area can be challenging. Home prices in Riverside are now at a median cost of $263,211, lower than the New Mexico average of $265,486.
The average cost of rent is $1,407/mo in Riverside, primarily driven by the current value of real estate in the Riverside area. In Riverside, 31.93% of households rent, and 54.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Riverside is $6,512 per month. Households that rent pay about 21.61% of their income on rent here. Riverside’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Artesia, NM: equally priced homes
- Atoka, NM: less expensive homes
- Lake Arthur, NM: less expensive homes
- Hope, NM: less expensive homes
- Loco Hills, NM: less expensive homes
- Maljamar, NM: less expensive homes
- Caprock, NM: less expensive homes
- Lovington, NM: less expensive homes
- Weed, NM: higher priced homes
- Humble City, NM: higher priced homes
Cities with Similar Populations
- Mildred, NC: less expensive homes
- Meadow Creek, ID: higher priced homes
- Medimont, ID: higher priced homes
- Mendon, MO: less expensive homes
- Mentor, IN: less expensive homes
- Metz, MO: less expensive homes
- Mew, VA: less expensive homes
- Middleburg, MD: higher priced homes
- Middleburg, TN: less expensive homes
- Middleton, TX: less expensive homes
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