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Housing in Nenahnezad

A typical Nenahnezad home is worth roughly $68,000

Typical home value
$68K
NM $318K
Estimate
2-bedroom rent
$1,230
a month, utilities in · HUD

What kind of housing town is Nenahnezad?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

What it takes to buy in Nenahnezad

Try your own numbers below.

You could afford about
$256,000
Typical Nenahnezad home $68K

That covers a typical Nenahnezad home, with $188K to spare.

The typical home, each month
$400
Loan $340Tax $40Insurance $20

A two-bedroom rents for about $1,230 a month here, $830 more than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the New Mexico typical property tax (0.70% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

94% of Nenahnezad households own their home

Half of Nenahnezad’s homes were built before 1982.

Owners and renters
Own 94%Rent 6%

New Mexico: 70% own.

1982
typical home built · NM 1985
4%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $1,230

Fair Market Rent a month, utilities included

Studio$1,000
1 bedroom$1,000
2 bedrooms$1,230
3 bedrooms$1,710
4 bedrooms$1,850
6%
of households rent · NM 30%
6
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Farmington, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Nenahnezad vs. its neighbors

Nenahnezad is the least expensive of 4 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Nenahnezad$68K*—$1,230$37,361
Waterflow$244K+15.2%$1,190$61,429
Upper Fruitland$86K*—$1,220$49,453
Fruitland$285K+8.8%$1,190$142,750

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Nenahnezad buyers, sellers and renters are saying.

Town Square →
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Is Nenahnezad still affordable for young families?

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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