The Most Affordable Neighborhoods in Vanderwagen, NM by Home Value

These days, finding an affordable place to live in the Vanderwagen area can be challenging. Home prices in Vanderwagen are now at a median cost of $60,583, lower than the New Mexico average of $265,486.

The average cost of rent is $870/mo in Vanderwagen, primarily driven by the current value of real estate in the Vanderwagen area. In Vanderwagen, 5.36% of households rent, and 90.28% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Vanderwagen is $4,163 per month. Households that rent pay about 20.88% of their income on rent here. Vanderwagen’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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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