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Affordable
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These days, finding an affordable place to live in the Weed area can be challenging. Home prices in Weed are now at a median cost of $357,399, higher than the New Mexico average of $265,486.
The average cost of rent is $705/mo in Weed, primarily driven by the current value of real estate in the Weed area. In Weed, 9.10% of households rent, and 64.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Weed is $6,084 per month. Households that rent pay about 11.58% of their income on rent here. Weed’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sacramento, NM: equally priced homes
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Cities with Similar Populations
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