Home prices
The value of the median home in El Cerro is $185,300. This is approximately $39,600 (27%) higher compared to its nearby areas.It is roughly $32,200 (14%) lower in comparison to the rest of the country, and is about $12,900 (6%) lower in comparison to the city of Albuquerque.
Rents
The median monthly rent in El Cerro is $938. In comparison to its surrounding areas it is roughly $46 (5%) higher.It is roughly $124 (11%) lower in comparison to the country as a whole, and it is about $65 (7%) higher in comparison to the city of Albuquerque.
Nearby places
Valencia
Valencia is El Cerro's neighbor to the north. Its housing prices are somewhat less expensive. The cost of the median home in Valencia is $165,200, which works out to $20,100 (12%) lower than El Cerro. Its rents are significantly less expensive. In Valencia the median rent is $545 per month, which is $393 (72%) lower than El Cerro.
Los Lunas
Los Lunas is El Cerro's neighbor to the northwest. Housing prices there are somewhat less expensive. The cost of the median home in Los Lunas is $161,000, which comes out to $24,300 (15%) lower than El Cerro. Rent there is somewhat more expensive. Los Lunas's median rent is $1,039 per month, which comes out to $101 (9%) higher than El Cerro.
El Cerro Mission
El Cerro Mission is roughly 2 miles east from El Cerro. Housing prices there are significantly less expensive. El Cerro Mission's median home value is $72,800, which is $112,500 (154%) lower than El Cerro. Its rents are a bit more expensive. The median rent in El Cerro Mission is $1,206 per month, which works out to $268 (22%) higher than El Cerro.
Peralta
Peralta is approximately 3 miles north of El Cerro. Its housing prices are pretty similar. The median home in Peralta is valued at $190,000, which comes out to $4,700 (2%) higher than El Cerro. Its rents are significantly less expensive. Peralta's median rent is $533 a month, which works out to $405 (75%) lower than El Cerro.
Las Maravillas
Las Maravillas is approximately 3 miles south of El Cerro. Its real estate prices are significantly less expensive. Las Maravillas's median home price is $139,500, which is $45,800 (32%) lower than El Cerro. The rent there is a little more expensive. In Las Maravillas the median monthly rent is $1,135, which comes out to $197 (17%) higher than El Cerro.
