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Affordable
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These days, finding an affordable place to live in the Talpa area can be challenging. Home prices in Talpa are now at a median cost of $372,318, higher than the New Mexico average of $265,486.
The average cost of rent is $1,135/mo in Talpa, primarily driven by the current value of real estate in the Talpa area. In Talpa, 25.56% of households rent, and 80.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Talpa is $7,847 per month. Households that rent pay about 14.47% of their income on rent here. Talpa’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lucero, NM: less expensive homes
- Ranchos de Taos, NM: equally priced homes
- Ranchito, NM: higher priced homes
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- Trampas, NM: less expensive homes
- Picuris Pueblo, NM: less expensive homes
- Penasco, NM: less expensive homes
- Vadito, NM: less expensive homes
- Rodarte, NM: less expensive homes
- Llano, NM: less expensive homes
Cities with Similar Populations
- Furman, AL: less expensive homes
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- Gilchrist, MI: less expensive homes
- Genoa, MN: less expensive homes
- Garland, AL: less expensive homes
- Garey, CA: higher priced homes
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