The Most Affordable Neighborhoods in Tierra Oeste, Albuquerque, NM by Home Value

 

Tierra Oeste, Albuquerque, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Tierra Oeste area can be challenging. Home prices in Tierra Oeste are now at a median cost of $352,611, higher than the Albuquerque average of $300,813.

The average cost of rent is $1,253/mo in Tierra Oeste, primarily driven by the current value of real estate in the Tierra Oeste area. In Tierra Oeste, 13.35% of households rent, and 18.39% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Tierra Oeste is $9,821 per month. Households that rent pay about 12.76% of their income on rent here. Tierra Oeste’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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