The Most Affordable Neighborhoods in Tocito, NM by Home Value

These days, finding an affordable place to live in the Tocito area can be challenging. Home prices in Tocito are now at a median cost of $28,172, lower than the New Mexico average of $265,486.

The average cost of rent is $645/mo in Tocito, primarily driven by the current value of real estate in the Tocito area. In Tocito, 10.65% of households rent, and 93.60% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Tocito is $3,254 per month. Households that rent pay about 19.81% of their income on rent here. Tocito’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.

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

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