Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Thomas area can be challenging. Home prices in Thomas are now at a median cost of $284,400, higher than the New Mexico average of $265,486.
The average cost of rent is $683/mo in Thomas, primarily driven by the current value of real estate in the Thomas area. In Thomas, 27.87% of households rent, and 84.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Thomas is $7,127 per month. Households that rent pay about 9.58% of their income on rent here. Thomas’s most expensive areas are in the central 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
- Sedan, NM: equally priced homes
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- Miami, NM: equally priced homes
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Cities with Similar Populations
- Edmunds, ME: less expensive homes
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- Elba, LA: less expensive homes
- Elba, ID: equally priced homes
- Elamville, AL: less expensive homes
- El Valle, NM: less expensive homes
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