The Most Affordable Neighborhoods in Tecolote, NM by Home Value

 

Tecolote, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Tecolote area can be challenging. Home prices in Tecolote are now at a median cost of $238,449, lower than the New Mexico average of $265,486.

The average cost of rent is $811/mo in Tecolote, primarily driven by the current value of real estate in the Tecolote area. In Tecolote, 11.93% of households rent, and 80.32% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Tecolote is $9,610 per month. Households that rent pay about 8.44% of their income on rent here. Tecolote’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.


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