The Most Affordable Neighborhoods in Santa Rosa, NM by Home Value

These days, finding an affordable place to live in the Santa Rosa area can be challenging. Home prices in Santa Rosa are now at a median cost of $113,223, lower than the New Mexico average of $265,486.

The average cost of rent is $742/mo in Santa Rosa, primarily driven by the current value of real estate in the Santa Rosa area. In Santa Rosa, 30.88% of households rent, and 69.84% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Santa Rosa is $3,833 per month. Households that rent pay about 19.37% of their income on rent here. Santa Rosa’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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