
Home Price Key
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 $244,400, higher than the New Mexico average of $199,923.
The average cost of rent is $597/mo in Tierra Monte, primarily driven by the current value of real estate in the Tierra Monte area. While nearly 65.67% of residents own their homes outright in Tierra Monte, 5.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tierra Monte is $6,342 per month. Households that rent pay about 9.41% 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.
Nearby Cities
- South Carmen, NM: less expensive homes
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- Rociada, NM: less expensive homes
- Manuelitas, NM: equally priced homes
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- 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: less expensive homes
Cities with Similar Populations
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- Webster, MT: higher priced homes
- West Quincy, MO: less expensive homes
- Weston, GA: less expensive homes
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- Emerson, MI: less expensive homes
- Elk Mills, TN: less expensive homes
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