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These days, finding an affordable place to live in the San Miguel area can be challenging. Home prices in San Miguel are now at a median cost of $190,618, lower than the New Mexico average of $265,486.
The average cost of rent is $575/mo in San Miguel, primarily driven by the current value of real estate in the San Miguel area. In San Miguel, 12.43% of households rent, and 57.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in San Miguel is $5,788 per month. Households that rent pay about 9.93% of their income on rent here. San Miguel’s most expensive areas are in the central 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
- La Mesa, NM: higher priced homes
- Mesquite, NM: less expensive homes
- Santo Tomas, NM: higher priced homes
- Vado, NM: less expensive homes
- Mesilla Park, NM: higher priced homes
- Chamberino, NM: higher priced homes
- Berino, NM: less expensive homes
- Mesilla, NM: higher priced homes
- Anthony, NM: less expensive homes
- Fairacres, NM: higher priced homes
Cities with Similar Populations
- Gould, OK: less expensive homes
- Grove Lake, MN: higher priced homes
- Grier City, PA: less expensive homes
- Gray, NY: equally priced homes
- Gravel Hill, AR: less expensive homes
- Gratz, KY: less expensive homes
- Grassy Cove, TN: higher priced homes
- Grant, CO: higher priced homes
- Granite, NY: higher priced homes
- Grange Hall, OH: higher priced homes
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