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Affordable
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These days, finding an affordable place to live in the Smith Lake area can be challenging. Home prices in Smith Lake are now at a median cost of $77,463, lower than the New Mexico average of $265,486.
The average cost of rent is $628/mo in Smith Lake, primarily driven by the current value of real estate in the Smith Lake area. In Smith Lake, 7.69% of households rent, and 92.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Smith Lake is $2,643 per month. Households that rent pay about 23.76% of their income on rent here. Smith Lake’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Thoreau, NM: higher priced homes
- Continental Divide, NM: higher priced homes
- Coolidge, NM: equally priced homes
- Crownpoint, NM: less expensive homes
- Fort Wingate, NM: less expensive homes
- Jamestown, NM: higher priced homes
- Perea, NM: equally priced homes
- Navajo Wingate Village, NM: less expensive homes
- Church Rock, NM: less expensive homes
- Rehoboth, NM: less expensive homes
Cities with Similar Populations
- Amherstdale, WV: higher priced homes
- Zwingle, IA: higher priced homes
- Wykoff, MN: higher priced homes
- Woodhull, IL: higher priced homes
- Winchester, KS: higher priced homes
- Willow, FL: higher priced homes
- Williamsburg, NM: higher priced homes
- Willernie, MN: higher priced homes
- Bee Branch, AR: higher priced homes
- Baxter Estates, NY: higher priced homes
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