Housing costs in Hernandez?
A typical home costs
$201,200, which is 40.5% less expensive than the national average of
$338,100 and 24.7% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Hernandez costs
$780 per month, which is 23.5% cheaper than the national average of
$1,020 and 2.6% cheaper than the state average of
$800.
Can I afford Hernandez?
To live comfortably in Hernandez (zip 87537), New Mexico, a minimum annual income of
$38,520 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Hernandez?
The cost of living in 87537 Hernandez, NM is fairly affordable. The median home value is around $99,000 and the median rent price per month comes to around $700. Groceries are reasonably priced, and both healthcare and utilities are relatively low-cost. While you may find more expensive places to live in the area, 87537 Hernandez provides a great quality of life at an affordable cost.