Home Price Key
Affordable
Average
Expensive
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 $287,500, higher than the New Mexico average of $199,923.
The average cost of rent is $461/mo in Thomas, primarily driven by the current value of real estate in the Thomas area. While nearly 86.39% of residents own their homes outright in Thomas, 25.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Thomas is $3,173 per month. Households that rent pay about 14.53% of their income on rent here. Thomas's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Sedan, NM: equally priced homes
- Texline, TX: less expensive homes
- Gladstone, NM: less expensive homes
- Taylor Springs, NM: less expensive homes
- Stratford, TX: less expensive homes
- Springer, NM: less expensive homes
- Miami, NM: less expensive homes
- Ocate, NM: less expensive homes
- Los Hueros, NM: less expensive homes
- Gruver, TX: less expensive homes
Cities with Similar Populations
- Edmunds, ME: less expensive homes
- Elmira, OH: less expensive homes
- Ella, WI: less expensive homes
- Elkinsville, IN: less expensive homes
- Elkdale, PA: less expensive homes
- Elbert, TX: less expensive homes
- Elba, LA: less expensive homes
- Elba, ID: less expensive homes
- Elamville, AL: less expensive homes
- El Valle, NM: less expensive homes
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