Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Torreon area can be challenging. Home prices in Torreon are now at a median cost of $141,200, lower than the New Mexico average of $199,923.
The average cost of rent is $668/mo in Torreon, primarily driven by the current value of real estate in the Torreon area. While nearly 76.35% of residents own their homes outright in Torreon, 11.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Torreon is $2,507 per month. Households that rent pay about 26.64% of their income on rent here. Torreon's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Manzano, NM: equally priced homes
- Estancia, NM: equally priced homes
- Meadow Lake, NM: less expensive homes
- Mc Intosh, NM: equally priced homes
- Willard, NM: less expensive homes
- Cedarvale, NM: equally priced homes
- El Cerro, NM: less expensive homes
- Valencia, NM: less expensive homes
- Peralta, NM: higher priced homes
- Los Lunas, NM: higher priced homes
Cities with Similar Populations
- Brooklyn, PA: higher priced homes
- Barnesville, MD: higher priced homes
- Beards Fork, WV: less expensive homes
- Beardsley, MN: higher priced homes
- Beaverlick, KY: higher priced homes
- Bon Haven, KY: higher priced homes
- Bradford, IA: less expensive homes
- Branchdale, PA: less expensive homes
- Brayton, IA: less expensive homes
- Briceville, TN: less expensive homes
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