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Affordable
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These days, finding an affordable place to live in the Sedan area can be challenging. Home prices in Sedan are now at a median cost of $284,400, higher than the New Mexico average of $265,486.
The average cost of rent is $683/mo in Sedan, primarily driven by the current value of real estate in the Sedan area. In Sedan, 27.87% of households rent, and 84.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sedan is $7,127 per month. Households that rent pay about 9.58% of their income on rent here. Sedan’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
- Thomas, NM: equally priced homes
- Bueyeros, NM: less expensive homes
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- Mills, NM: less expensive homes
- Sunray, TX: less expensive homes
- Taylor Springs, NM: less expensive homes
- Wagon Mound, NM: less expensive homes
- Morse, TX: less expensive homes
- Gruver, TX: less expensive homes
Cities with Similar Populations
- Fritchton, IN: less expensive homes
- Gipsy, AL: less expensive homes
- Georgetown, IA: less expensive homes
- Gemmell, MN: less expensive homes
- Garwood, WV: less expensive homes
- Garlandville, AR: less expensive homes
- Garland, MT: higher priced homes
- Garland, MO: equally priced homes
- Gammon, AR: higher priced homes
- Galen, MT: less expensive homes
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