Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Valencia area can be challenging. Home prices in Valencia are now at a median cost of $122,817, lower than the New Mexico average of $199,923.
The average cost of rent is $607/mo in Valencia, primarily driven by the current value of real estate in the Valencia area. While nearly 63.60% of residents own their homes outright in Valencia, 22.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Valencia is $4,484 per month. Households that rent pay about 13.54% of their income on rent here. Valencia's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Peralta, NM: higher priced homes
- Los Lunas, NM: higher priced homes
- Bosque Farms, NM: higher priced homes
- Los Lentes, NM: higher priced homes
- Tome, NM: higher priced homes
- El Cerro, NM: equally priced homes
- Isleta, NM: less expensive homes
- Isleta Village Proper, NM: less expensive homes
- Los Chaves, NM: higher priced homes
- Meadow Lake, NM: less expensive homes
Cities with Similar Populations
- Pringle, SD: higher priced homes
- Norris, MS: less expensive homes
- North Ashburnham, MA: higher priced homes
- North Bloomfield, NY: higher priced homes
- North Edinburg, PA: less expensive homes
- North Pembroke, NY: equally priced homes
- Norvelt, PA: higher priced homes
- Oak Ridge Park, NC: less expensive homes
- Oconto, NE: equally priced homes
- Odessa, MN: less expensive homes
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