The Most Affordable Neighborhoods in San Rafael, NM by Home Value

 

San Rafael, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the San Rafael area can be challenging. Home prices in San Rafael are now at a median cost of $105,371, lower than the New Mexico average of $199,923.

The average cost of rent is $739/mo in San Rafael, primarily driven by the current value of real estate in the San Rafael area. While nearly 80.08% of residents own their homes outright in San Rafael, 3.87% rent.

Housing affordability isn’t just about home prices, though. The average household income in San Rafael is $5,633 per month. Households that rent pay about 13.12% of their income on rent here. San Rafael's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.


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