Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Thoreau area can be challenging. Home prices in Thoreau are now at a median cost of $55,955, lower than the New Mexico average of $199,923.
The average cost of rent is $792/mo in Thoreau, primarily driven by the current value of real estate in the Thoreau area. While nearly 78.65% of residents own their homes outright in Thoreau, 14.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Thoreau is $2,873 per month. Households that rent pay about 27.56% of their income on rent here. Thoreau's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Continental Divide, NM: equally priced homes
- Prewitt, NM: less expensive homes
- Smith Lake, NM: less expensive homes
- Coolidge, NM: equally priced homes
- Bluewater, NM: higher priced homes
- Fort Wingate, NM: less expensive homes
- Perea, NM: equally priced homes
- Jamestown, NM: higher priced homes
- Church Rock, NM: less expensive homes
- Navajo Wingate Village, NM: less expensive homes
Cities with Similar Populations
- Raven, VA: higher priced homes
- Lincoln Heights, OH: higher priced homes
- Little Mountain, SC: higher priced homes
- Brookfield, OH: higher priced homes
- Magas Arriba, PR: higher priced homes
- Marlborough, MO: higher priced homes
- Marshfield Hills, MA: higher priced homes
- McLouth, KS: higher priced homes
- Montpelier, IN: higher priced homes
- Muscoda, WI: higher priced homes
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