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Affordable
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These days, finding an affordable place to live in the Val Verde area can be challenging. Home prices in Val Verde 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 Val Verde, primarily driven by the current value of real estate in the Val Verde area. In Val Verde, 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 Val Verde is $4,306 per month. Households that rent pay about 26.73% of their income on rent here. Val Verde’s most expensive areas are in the northern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake View Pines, NM: higher priced homes
- Idlewild, NM: higher priced homes
- Angel Fire, NM: higher priced homes
- Ocate, NM: less expensive homes
- Los Hueros, NM: less expensive homes
- Valle Escondido, NM: higher priced homes
- Guadalupita, NM: less expensive homes
- Chacon, NM: less expensive homes
- Tres Ritos, NM: less expensive homes
- Taos, NM: higher priced homes
Cities with Similar Populations
- Relief, KY: less expensive homes
- Pajarito, NM: less expensive homes
- Paloduro, TX: less expensive homes
- Rand, WV: less expensive homes
- Raven Run, PA: less expensive homes
- Rawhide, VA: less expensive homes
- Red Bank, VA: less expensive homes
- Red Buttes Village, WY: equally priced homes
- Reeds Mill, OH: less expensive homes
- Pagetown, OH: equally priced homes
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