The Most Affordable Neighborhoods in Wagon Mound, NM by Home Value

 

Wagon Mound, NM Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Wagon Mound area can be challenging. Home prices in Wagon Mound are now at a median cost of $102,000, lower than the New Mexico average of $199,923.

The average cost of rent is $514/mo in Wagon Mound, primarily driven by the current value of real estate in the Wagon Mound area. While nearly 79.29% of residents own their homes outright in Wagon Mound, 22.48% rent.

Housing affordability isn’t just about home prices, though. The average household income in Wagon Mound is $3,128 per month. Households that rent pay about 16.43% of their income on rent here. Wagon Mound's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.


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