Home Price Key
Affordable
Average
Expensive
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 $90,347, lower than the New Mexico average of $199,923.
The average cost of rent is $781/mo in Tatum, primarily driven by the current value of real estate in the Tatum area. While nearly 82.69% of residents own their homes outright in Tatum, 26.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tatum is $4,847 per month. Households that rent pay about 16.12% of their income on rent here. Tatum's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Mc Donald, NM: higher priced homes
- Bronco, TX: less expensive homes
- Plains, TX: less expensive homes
- Tokio, TX: equally priced homes
- Johnson, TX: less expensive homes
- Gomez, TX: less expensive homes
- Greenfield, NM: higher priced homes
- Hagerman, NM: higher priced homes
- Brownfield, TX: less expensive 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: equally priced homes
- Emery, SD: higher priced homes
- Elmdale, MI: higher priced homes
- Elkville, IL: less expensive homes
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