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Housing Affordability in Truth or Consequences, 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
- 30.5%
- New Mexico 29.0%
- Renters paying 30%+
- 46.7%
- New Mexico 50.2%
- Homeowners paying 30%+
- 20.3%
- New Mexico 20.8%
- Owner costs with a mortgage
- $992/mo
- New Mexico $1,564/mo
Truth or Consequences 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 more42346.7%
- Homeowners paying 30% or more29620.3%
- Renters paying 50% or more19621.7%
- Median rent as a share of income: 29.0%
- Median owner costs as a share of income, with a mortgage: 22.0%
- Median owner costs without a mortgage: $371/mo
- Median home value divided by median household income: 3.7
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 |
|---|---|---|---|---|
| Truth or Consequences, NM | 30.5% | 46.7% | 20.3% | 29.0% |
| Sierra County | 23.3% | 51.0% | 15.0% | 30.5% |
| 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 Truth or Consequences, NM?
- In Truth or Consequences, NM, 30.5% of households spend 30% or more of their income on housing costs.
- How does Truth or Consequences compare with New Mexico?
- The households paying 30%+ for housing in Truth or Consequences is 30.5%, compared with 29.0% for New Mexico as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates