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These days, finding an affordable place to live in the Sheep Springs area can be challenging. Home prices in Sheep Springs are now at a median cost of $74,733, lower than the New Mexico average of $265,486.
The average cost of rent is $764/mo in Sheep Springs, primarily driven by the current value of real estate in the Sheep Springs area. In Sheep Springs, 13.71% of households rent, and 94.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheep Springs is $2,378 per month. Households that rent pay about 32.14% of their income on rent here. Sheep Springs’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Newcomb, NM: less expensive homes
- Two Grey Hills, NM: less expensive homes
- Toadlena, NM: less expensive homes
- White Rock, NM: higher priced homes
- Wheatfields, AZ: less expensive homes
- Tsaile, AZ: less expensive homes
- Lake Valley, NM: higher priced homes
- White Clay, AZ: less expensive homes
- Chinle, AZ: less expensive homes
- Many Farms, AZ: less expensive homes
Cities with Similar Populations
- Cummington, MA: higher priced homes
- Vriesland, MI: higher priced homes
- Vista Santa Rosa, CA: higher priced homes
- Virgil, NY: higher priced homes
- View, ID: higher priced homes
- Texline, TX: higher priced homes
- Sugar Bush, WI: higher priced homes
- Flemington, GA: higher priced homes
- Fisher, MN: higher priced homes
- Eckford, MI: higher priced homes
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