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Affordable
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These days, finding an affordable place to live in the Tatum area can be challenging. Home prices in Tatum are now at a median cost of $114,249, lower than the New Mexico average of $265,486.
The average cost of rent is $946/mo in Tatum, primarily driven by the current value of real estate in the Tatum area. In Tatum, 30.60% of households rent, and 77.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tatum is $5,797 per month. Households that rent pay about 16.32% of their income on rent here. Tatum’s most expensive areas are in the northern 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
- Mc Donald, NM: higher priced homes
- Bronco, TX: higher priced homes
- Plains, TX: higher priced homes
- Tokio, TX: higher priced homes
- Johnson, TX: higher priced homes
- Gomez, TX: higher priced homes
- Greenfield, NM: equally priced homes
- Hagerman, NM: higher priced homes
- Brownfield, TX: equally priced homes
- Meadow, TX: higher priced homes
Cities with Similar Populations
- Eldridge, AL: equally priced homes
- Upton, GA: higher priced homes
- Galeton, CO: higher priced homes
- Freedom, NY: higher priced homes
- Floral Park, MT: higher priced homes
- Fair Oaks, IN: higher priced homes
- Essex, IA: higher priced homes
- Emery, SD: higher priced homes
- Elmdale, MI: higher priced homes
- Elkville, IL: less expensive homes
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