Photo: John Phelan · CC BY 3.0Renting in Cedar Crest: a two-bedroom costs about $1,750
Cedar Crest is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Only 1 sale in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Cedar Crest?
Read from the numbers below. The page puts what stands out first.
Why Cedar Crest isn’t graded
The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing.
A two-bedroom rents for about $1,750
Renters already here pay a median of $932, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Albuquerque, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the New Mexico norm
The median bill is $1,569 (New Mexico: $1,731), 0.63% of a home’s value a year, against 0.70% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Cedar Crest vs. its neighbors
Of the 2 towns here with a Zillow value, Cedar Crest has the 2nd-lowest.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Cedar Crest | – | $465K | $248K | 0.63% | $1,750 |
| Tijeras | – | $445K | $261K | 0.45% | $1,350 |
“—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Cedar Crest
How much is rent in Cedar Crest?
HUD puts a two-bedroom at about $1,750 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $932 (Census 2020–24).
What are property taxes in Cedar Crest?
The median bill is $1,569 a year, 0.63% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Why doesn’t Cedar Crest have a cost of living grade?
Cedar Crest is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Neighbors talk housing
What Cedar Crest buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.