Boaz / Corner Well, NM

Neighborhood

Rent in Boaz / Corner Well

Rent-to-Income Ratio

31.8%

Renter Share

16.6%

Median Renter Income

$53,750

Avg Household Size

2.7

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

3 Bedrooms: $1,600

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 23.3%
$1,000-$1,500: 0.0%
$1,500-$2,000: 20.6%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 56.2%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 9.6%
20-30% (moderate): 0.0%
30-50% (cost-burdened): 34.3%
50%+ (severely cost-burdened): 0.0%
Not Computed: 56.2%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $91,406
Renter Households: $53,750

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 23.3%
$1,000-$1,500: 0.0%
$1,500-$2,000: 20.6%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 56.2%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Boaz / Corner Well

Neighborhood

Chaves, NM

Elk / Old Longbotbam Place

Loving Place / Higgins Place