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Affordable
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These days, finding an affordable place to live in the Solano area can be challenging. Home prices in Solano are now at a median cost of $174,373, lower than the New Mexico average of $265,486.
The average cost of rent is $868/mo in Solano, primarily driven by the current value of real estate in the Solano area. In Solano, 8.36% of households rent, and 93.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Solano is $6,161 per month. Households that rent pay about 14.09% of their income on rent here. Solano’s most expensive areas are in the central 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
- Mosquero, NM: less expensive homes
- Rosebud, NM: less expensive homes
- Valmora, NM: equally priced homes
- Watrous, NM: equally priced homes
- Amistad, NM: higher priced homes
- Golondrinas, NM: equally priced homes
- Nara Visa, NM: less expensive homes
- Las Vegas, NM: equally priced homes
- Los Vigiles, NM: higher priced homes
- Manuelitas, NM: higher priced homes
Cities with Similar Populations
- Orkney Springs, VA: higher priced homes
- Pitt Gas, PA: less expensive homes
- Phillips Creek, NY: less expensive homes
- Phelan, TX: higher priced homes
- Pharsalia, NY: less expensive homes
- Paines Hollow, NY: less expensive homes
- Oyhut, WA: higher priced homes
- Oyer, MO: equally priced homes
- Owl City, TN: equally priced homes
- Overland, NE: higher priced homes
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