Expensive
Affordable
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These days, finding an affordable place to live in the Tierra Monte area can be challenging. Home prices in Tierra Monte are now at a median cost of $207,400, lower than the New Mexico average of $265,486.
The average cost of rent is $823/mo in Tierra Monte, primarily driven by the current value of real estate in the Tierra Monte area. In Tierra Monte, 1.35% of households rent, and 54.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tierra Monte is $4,880 per month. Households that rent pay about 16.86% of their income on rent here. Tierra Monte’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
- South Carmen, NM: less expensive homes
- Penasco Blanco, NM: less expensive homes
- Rociada, NM: equally priced homes
- Manuelitas, NM: equally priced homes
- Sapello, NM: equally priced homes
- North Carmen, NM: less expensive homes
- Ledoux, NM: less expensive homes
- Upper Rociada, NM: higher priced homes
- Buena Vista, NM: less expensive homes
- Las Tusas, NM: higher priced homes
Cities with Similar Populations
- Elk Grove, PA: equally priced homes
- Waterview, MD: less expensive homes
- Wayne, KS: less expensive homes
- Weavers Ford, NC: equally priced homes
- Webster, MT: higher priced homes
- West Quincy, MO: higher priced homes
- Weston, GA: less expensive homes
- Whites Bluff, AL: less expensive homes
- Emerson, MI: equally priced homes
- Elk Mills, TN: equally priced homes
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