Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Tererro area can be challenging. Home prices in Tererro are now at a median cost of $170,977, lower than the New Mexico average of $265,486.
The average cost of rent is $842/mo in Tererro, primarily driven by the current value of real estate in the Tererro area. In Tererro, 11.24% of households rent, and 77.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tererro is $5,000 per month. Households that rent pay about 16.84% of their income on rent here. Tererro’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- La Cueva, NM: higher priced homes
- Lower La Posada, NM: higher priced homes
- Los Pachecos, NM: equally priced homes
- Rio en Medio, NM: higher priced homes
- Upper Rociada, NM: higher priced homes
- Tesuque, NM: higher priced homes
- Tesuque Pueblo, NM: higher priced homes
- Rociada, NM: higher priced homes
- Mineral Hill, NM: higher priced homes
- Penasco Blanco, NM: less expensive homes
Cities with Similar Populations
- Flat Gap, VA: less expensive homes
- Wilbur Springs, CA: higher priced homes
- Winona, TN: higher priced homes
- Goffs, WV: less expensive homes
- Glenrock, NE: equally priced homes
- Frankfort Springs, PA: higher priced homes
- Four Buttes, MT: less expensive homes
- Fostoria, AL: less expensive homes
- Fort Robertson, PA: higher priced homes
- Fort Green, FL: less expensive homes
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