Housing costs in Fairacres?
A typical home costs
$269,300, which is 20.3% less expensive than the national average of
$338,100 and 0.8% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Fairacres costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 18.6% cheaper than the state average of
$1,020.
Can I afford Fairacres?
To live comfortably in Fairacres, New Mexico, a minimum annual income of
$51,480 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Fairacres?
The cost of living in Fairacres, NM is very affordable. The median home price is around $133,900, which is much lower than the national average. Groceries and utilities are both relatively inexpensive, and there are plenty of housing options in the area ranging from single-family homes to apartments and condos. The cost of most goods and services are also far below the national average. Overall, Fairacres offers a great value for those who want to live near Albuquerque without breaking the bank.