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 $368,600, higher than the New Mexico average of $265,486.

The average cost of rent is $1,151/mo in Ute Park, primarily driven by the current value of real estate in the Ute Park area. In Ute Park, 37.08% of households rent, and 65.66% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Ute Park is $4,306 per month. Households that rent pay about 26.73% of their income on rent here. Ute Park’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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