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Affordable
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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 $101,510, lower than the New Mexico average of $265,486.
The average cost of rent is $774/mo in Thoreau, primarily driven by the current value of real estate in the Thoreau area. In Thoreau, 17.13% of households rent, and 79.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Thoreau is $3,766 per month. Households that rent pay about 20.55% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Continental Divide, NM: higher priced homes
- Prewitt, NM: less expensive homes
- Smith Lake, NM: less expensive homes
- Coolidge, NM: less expensive homes
- Bluewater, NM: higher priced homes
- Fort Wingate, NM: less expensive homes
- Perea, NM: less expensive 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: less expensive homes
- Little Mountain, SC: higher priced homes
- Brookfield, OH: higher priced homes
- Magas Arriba, PR: less expensive 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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