Similar to its nearby areas, it is a bit less expensive compared to the United States as a whole. Compared to the city of Albuquerque, it is a bit less expensive.
Home prices
Valencia's median home price is $165,200. In comparison to its nearby areas this is is very similar.Compared to the United States as a whole it is roughly $52,300 (24%) lower, and compared to the city of Albuquerque it is roughly $33,000 (16%) lower.
Rents
In Valencia the median rent is $545 a month. This is approximately $385 (41%) lower in comparison to nearby areas.It is about $517 (48%) lower in comparison to the United States as a whole, and compared to the city of Albuquerque is approximately $328 (37%) lower.
Nearby places
Peralta
Peralta is Valencia's neighbor to the north. Its housing prices are a little more expensive. The median home cost in Peralta is $190,000, which comes out to $24,800 (13%) higher than Valencia. The rent there is fairly similar. The median monthly rent in Peralta is $533, which works out to $12 (2%) lower than Valencia.
El Cerro
El Cerro is Valencia's neighbor to the south. The real estate prices there are somewhat more expensive. The median home cost in El Cerro is $185,300, which comes out to $20,100 (10%) higher than Valencia. Its rents are significantly more expensive. The median monthly rent in El Cerro is $938, which works out to $393 (41%) higher than Valencia.
Los Lunas
Los Lunas is Valencia's neighbor to the west. Its housing prices are pretty similar. The median home in Los Lunas is valued at $161,000, which is $4,200 (2%) lower than Valencia. Its rents are a lot more expensive. The median rent in Los Lunas is $1,039 per month, which works out to $494 (47%) higher than Valencia.
El Cerro Mission
El Cerro Mission is approximately 3 miles southeast of Valencia. Its real estate prices are significantly less expensive. El Cerro Mission's median home cost is $72,800, which is $92,400 (126%) lower than Valencia. The rent there is substantially more expensive. The median monthly rent in El Cerro Mission is $1,206, which comes out to $661 (54%) higher than Valencia.
Bosque Farms
Bosque Farms is roughly 3 miles north from Valencia. Housing prices there are a bit more expensive. The median home price in Bosque Farms is $209,400, which is $44,200 (21%) higher than Valencia. Rent there is substantially more expensive. The median rent in Bosque Farms is $933 a month, which comes out to $388 (41%) higher than Valencia.
