
Home Price Key
These days, finding an affordable place to live in the Tierra Amarilla area can be challenging. Home prices in Tierra Amarilla are now at a median cost of $159,069, lower than the New Mexico average of $199,923.
The average cost of rent is $836/mo in Tierra Amarilla, primarily driven by the current value of real estate in the Tierra Amarilla area. While nearly 82.75% of residents own their homes outright in Tierra Amarilla, 20.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tierra Amarilla is $4,854 per month. Households that rent pay about 17.22% of their income on rent here. Tierra Amarilla's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Ensenada, NM: equally priced homes
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- Monero, NM: less expensive homes
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Cities with Similar Populations
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- Carrier, OK: higher priced homes
- Canby, CA: equally priced homes
- Bynum, TX: equally priced homes
All Local Stats
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