The Most Affordable Neighborhoods in Shiprock, NM by Home Value

 

Shiprock, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Shiprock area can be challenging. Home prices in Shiprock are now at a median cost of $82,455, lower than the New Mexico average of $199,923.

The average cost of rent is $586/mo in Shiprock, primarily driven by the current value of real estate in the Shiprock area. While nearly 87.87% of residents own their homes outright in Shiprock, 46.93% rent.

Housing affordability isn’t just about home prices, though. The average household income in Shiprock is $2,909 per month. Households that rent pay about 20.15% of their income on rent here. Shiprock'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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