El Prado, NM

Rent in El Prado

Median Gross Rent

$1,200

Rent-to-Income Ratio

35.0%

Renter Share

30.5%

Median Renter Income

$35,458

Avg Household Size

1.6

Median Rent by Bedrooms

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

No Bedroom: $1,139
1 Bedroom: $956
2 Bedrooms: $1,492
3 Bedrooms: $1,240

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: 32.3%
$1,000-$1,500: 30.0%
$1,500-$2,000: 9.7%
$2,000-$2,500: 9.9%
$2,500+: 7.0%
No Cash Rent: 11.2%

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): 14.0%
20-30% (moderate): 19.9%
30-50% (cost-burdened): 19.7%
50%+ (severely cost-burdened): 32.8%
Not Computed: 13.5%

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: $71,250
Renter Households: $35,458

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: 43.5%
$1,000-$1,500: 23.3%
$1,500-$2,000: 7.8%
$2,000-$2,500: 7.2%
$2,500+: 7.0%
No Cash Rent: 11.2%

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