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Affordable
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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 $307,165, higher than the New Mexico average of $265,486.
The average cost of rent is $755/mo in Velarde, primarily driven by the current value of real estate in the Velarde area. In Velarde, 20.01% of households rent, and 65.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Velarde is $7,115 per month. Households that rent pay about 10.62% of their income on rent here. Velarde’s most expensive areas are in the southern 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
- Lyden, NM: equally priced homes
- Los Luceros, NM: less expensive homes
- La Junta, NM: equally priced homes
- Alcalde, NM: less expensive homes
- Estaca, NM: less expensive homes
- La Villita, NM: less expensive homes
- Guique, NM: less expensive homes
- Pueblito, NM: less expensive homes
- Dixon, NM: equally priced homes
- San Juan Pueblo, NM: less expensive homes
Cities with Similar Populations
- Agency, MO: equally priced homes
- Zell, MO: less expensive homes
- Wymore, NE: less expensive homes
- Woodway, WA: higher priced homes
- Wheeler, MI: less expensive homes
- Wellington, KY: less expensive homes
- Unionville, IN: less expensive homes
- Tundra, TX: equally priced homes
- Buckingham, VA: less expensive homes
- Brookside Village, TX: higher priced homes
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