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Housing Affordability in Monument, NM
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 65.5%
- New Mexico 29.0%
- Renters paying 30%+
- 100.0%
- New Mexico 50.2%
- Homeowners paying 30%+
- 21.6%
- New Mexico 20.8%
Monument has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more65100.0%
- Homeowners paying 30% or more1121.6%
- Renters paying 50% or more00.0%
- Median owner costs without a mortgage: $656/mo
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Monument, NM | 65.5% | 100.0% | 21.6% | Not reported |
| Lea County | 24.9% | 48.4% | 17.2% | 29.5% |
| New Mexico | 29.0% | 50.2% | 20.8% | 30.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Monument, NM?
- In Monument, NM, 65.5% of households spend 30% or more of their income on housing costs.
- How does Monument compare with New Mexico?
- The households paying 30%+ for housing in Monument is 65.5%, compared with 29.0% for New Mexico as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates
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