The Most Affordable Neighborhoods in Ute Park, NM by Home Value

 

Ute Park, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ute Park area can be challenging. Home prices in Ute Park are now at a median cost of $142,900, lower than the New Mexico average of $199,923.

The average cost of rent is $876/mo in Ute Park, primarily driven by the current value of real estate in the Ute Park area. While nearly 71.93% of residents own their homes outright in Ute Park, 28.64% rent.

Housing affordability isn’t just about home prices, though. The average household income in Ute Park is $3,642 per month. Households that rent pay about 24.05% of their income on rent here. Ute Park's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.


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