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These days, finding an affordable place to live in the Torrance County area can be challenging. Home prices in Torrance County are now at a median cost of $158,512, lower than the New Mexico average of $265,486.
The average cost of rent is $874/mo in Torrance County, primarily driven by the current value of real estate in the Torrance County area. In Torrance County, 18.26% of households rent, and 62.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Torrance County is $5,281 per month. Households that rent pay about 16.54% of their income on rent here. Torrance County’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Valencia County, NM: higher priced homes
- Guadalupe County, NM: less expensive homes
- Deaf Smith County, TX: less expensive homes
- Navajo County, AZ: higher priced homes
- Donley County, TX: less expensive homes
- Collingsworth County, TX: less expensive homes
- Greer County, OK: less expensive homes
- Kiowa County, OK: less expensive homes
- Garvin County, OK: equally priced homes
- Pontotoc County, OK: higher priced homes
Counties with Similar Populations
- Pendleton County, KY: equally priced homes
- Perry County, IL: less expensive homes
- Perry County, AR: less expensive homes
- Perry County, AL: less expensive homes
- Perquimans County, NC: higher priced homes
- Pepin County, WI: higher priced homes
- Penuelas Municipio, PR: less expensive homes
- Pennington County, MN: higher priced homes
- Pendleton County, WV: higher priced homes
- Perry County, IN: higher priced homes
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