The Most Affordable Neighborhoods in South San Pedro, Albuquerque, NM by Home Value

 

South San Pedro, Albuquerque, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the South San Pedro area can be challenging. Home prices in South San Pedro are now at a median cost of $149,585, lower than the Albuquerque average of $228,585.

The average cost of rent is $664/mo in South San Pedro, primarily driven by the current value of real estate in the South San Pedro area. While nearly 54.62% of residents own their homes outright in South San Pedro, 68.85% rent.

Housing affordability isn’t just about home prices, though. The average household income in South San Pedro is $2,511 per month. Households that rent pay about 26.46% of their income on rent here. South San Pedro's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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