Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Valley area can be challenging. Home prices in South Valley are now at a median cost of $164,770, lower than the New Mexico average of $199,923.
The average cost of rent is $836/mo in South Valley, primarily driven by the current value of real estate in the South Valley area. While nearly 43.01% of residents own their homes outright in South Valley, 26.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Valley is $3,744 per month. Households that rent pay about 22.32% of their income on rent here. South Valley's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Pajarito, NM: less expensive homes
- Los Padillas, NM: less expensive homes
- Albuquerque, NM: higher priced homes
- Kirtland Afb, NM: higher priced homes
- Isleta Village Proper, NM: less expensive homes
- Isleta, NM: less expensive homes
- Los Ranchos de Albuquerque, NM: higher priced homes
- North Valley, NM: higher priced homes
- Paradise Hills, NM: higher priced homes
- Five Points, NM: less expensive homes
Cities with Similar Populations
- Bartlett, IL: higher priced homes
- Brownsburg, IN: higher priced homes
- Moncks Corner, SC: higher priced homes
- Phoenixville, PA: higher priced homes
- Perry Hall, MD: higher priced homes
- Pearl City, HI: higher priced homes
- Peachtree City, GA: higher priced homes
- Park Ridge, IL: higher priced homes
- Oswego, IL: higher priced homes
- Orangeburg, SC: less expensive homes
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