Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Velarde area can be challenging. Home prices in Velarde are now at a median cost of $161,039, lower than the New Mexico average of $199,923.
The average cost of rent is $837/mo in Velarde, primarily driven by the current value of real estate in the Velarde area. While nearly 61.23% of residents own their homes outright in Velarde, 6.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in Velarde is $5,157 per month. Households that rent pay about 16.24% of their income on rent here. Velarde's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Lyden, NM: equally priced homes
- Los Luceros, NM: equally priced homes
- La Junta, NM: equally priced homes
- Alcalde, NM: equally priced homes
- Estaca, NM: equally priced homes
- La Villita, NM: equally priced homes
- Guique, NM: equally priced homes
- Pueblito, NM: higher priced homes
- Dixon, NM: higher priced homes
- San Juan Pueblo, NM: higher priced homes
Cities with Similar Populations
- Agency, MO: higher priced homes
- Zell, MO: higher priced homes
- Wymore, NE: less expensive homes
- Woodway, WA: higher priced homes
- Wheeler, MI: less expensive homes
- Wellington, KY: less expensive homes
- Unionville, IN: higher priced homes
- Tundra, TX: higher priced homes
- Buckingham, VA: less expensive homes
- Brookside Village, TX: higher priced homes
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