County housing intelligence
New Mexico Housing Market by County
New Mexico is not one housing market. Across 33 counties, the median county home value is $167,200 and the median county rent is $872/mo. The useful question is not whether New Mexico is cheap. It is which county fits your income, tax tolerance, and buy-versus-rent plan.
County median home value
$167,200
Median of county medians, less distorted by the largest metros.
County median rent
$872/mo
Gross rent includes rent plus utilities where Census reports it.
Counties compared
33
Every county with available ACS housing data in this state.
Fast answers
Start with the housing question.
Market brief
The state-level housing signal
These benchmarks use the median county in the state, not one metro-weighted average. That makes the brief better for county comparison and rural-to-urban screening.
Purchase price
State county median vs national benchmark
Rent
State county median vs national benchmark
Owner cost
State county median vs national benchmark
Income base
State county median vs national benchmark
Tax rate
State county median vs national benchmark
The New Mexico Pattern
These are the signals a statewide average hides. Start here before choosing counties to compare.
Price geography
Los Alamos County, Santa Fe County, Taos County sit at the top of the purchase market, while Harding County, McKinley County, Quay County anchor the lower-cost end.
Rent reality
Sandoval County, Santa Fe County, Los Alamos County lead on rent, while De Baca County, Guadalupe County, Luna County show where monthly lease costs are lowest.
Decision lens
Harding County, McKinley County, Quay County screen best for purchase affordability when home values are measured against local household income.
Best Counties by Housing Goal
Different households need different rankings. Price alone is not enough, so these groups compare rent, income, owner costs, and tax exposure.
Cheapest to buy
Lowest median home values. Useful for purchase-price screening.
- 1. Harding County
$70,000
- 2. McKinley County
$78,700
- 3. Quay County
$87,200
- 4. Guadalupe County
$110,000
- 5. Hidalgo County
$111,000
Best buy affordability
Lowest home-value-to-income ratios. Better than price alone.
- 1. Harding County
1.4x home-value-to-income
- 2. McKinley County
1.7x home-value-to-income
- 3. Quay County
2.1x home-value-to-income
- 4. Hidalgo County
2.3x home-value-to-income
- 5. Mora County
2.3x home-value-to-income
Cheapest to rent
Lowest median gross rent among counties with ACS rent data.
- 1. De Baca County
$387/mo
- 2. Guadalupe County
$590/mo
- 3. Luna County
$650/mo
- 4. Union County
$683/mo
- 5. Socorro County
$691/mo
Lowest rent burden
Where typical renters spend the smallest share of income on rent.
- 1. Harding County
9.0% rent burden
- 2. Los Alamos County
18.6% rent burden
- 3. Mora County
18.7% rent burden
- 4. Torrance County
19.9% rent burden
- 5. Rio Arriba County
20.3% rent burden
Lowest tax-rate signal
Lowest effective property-tax rates in the state data.
- 1. Taos County
0.29% effective tax rate
- 2. Catron County
0.36% effective tax rate
- 3. Rio Arriba County
0.42% effective tax rate
- 4. Harding County
0.44% effective tax rate
- 5. Torrance County
0.45% effective tax rate
Owner-cost advantage
Counties where median owner costs are furthest below median rent.
- 1. Harding County
$579/mo cheaper to own than rent
- 2. McKinley County
$499/mo cheaper to own than rent
- 3. Eddy County
$446/mo cheaper to own than rent
- 4. Lea County
$425/mo cheaper to own than rent
- 5. Catron County
$334/mo cheaper to own than rent
Income-backed value
Higher-income counties that still hold a reasonable value-to-income profile.
- 1. Los Alamos County
$147,139 income, 3.4x value-to-income
- 2. Harding County
$48,553 income, 1.4x value-to-income
- 3. Eddy County
$78,426 income, 2.7x value-to-income
- 4. McKinley County
$47,668 income, 1.7x value-to-income
- 5. Lea County
$68,015 income, 2.7x value-to-income
Tradeoffs to Check
The best page is not the one that crowns a winner. It is the one that shows where a county can surprise you after the headline price looks attractive.
| Signal | County | What it means |
|---|---|---|
| Cheap price, weaker income base | Harding County $70,000 home value, $48,553 income | Low purchase prices can still feel tight when local wages are also low. |
| Affordable homes, higher tax rate | McKinley County $78,700 home value, 2.00% tax rate | A low home price can be offset by the annual property-tax bill. |
| Renter pressure | De Baca County $387/mo rent, 42.70% rent burden | Monthly rent alone does not show whether renters can comfortably absorb the cost. |
| Expensive, but income-supported | Los Alamos County $495,800 home value, $147,139 income | Some high-price counties also have stronger incomes, so affordability depends on both sides of the equation. |
Lowest home values
Best value-to-income
Compare Every New Mexico County
Sorted by home-value-to-income ratio so the first rows are not just cheap counties, but counties where purchase prices look smaller relative to local income.
| County | Home Value | Rent | Income | Value/Income | Tax Rate |
|---|---|---|---|---|---|
| Harding County | $70,000 | $1,038/mo | $48,553 | 1.4x | 0.44% |
| McKinley County | $78,700 | $859/mo | $47,668 | 1.7x | 2.00% |
| Quay County | $87,200 | $712/mo | $41,946 | 2.1x | 0.61% |
| Hidalgo County | $111,000 | $814/mo | $48,882 | 2.3x | 0.48% |
| Mora County | $122,600 | $887/mo | $53,663 | 2.3x | 0.72% |
| Cibola County | $125,400 | $759/mo | $50,759 | 2.5x | 0.80% |
| Guadalupe County | $110,000 | $590/mo | $42,750 | 2.6x | 0.48% |
| Roosevelt County | $135,800 | $898/mo | $52,685 | 2.6x | 0.45% |
| Union County | $122,700 | $683/mo | $46,694 | 2.6x | 0.70% |
| Eddy County | $212,600 | $1,245/mo | $78,426 | 2.7x | 0.52% |
| Lea County | $184,000 | $1,101/mo | $68,015 | 2.7x | 0.48% |
| Torrance County | $159,700 | $872/mo | $57,842 | 2.8x | 0.45% |
| Otero County | $162,700 | $962/mo | $55,876 | 2.9x | 0.55% |
| Chaves County | $156,400 | $867/mo | $52,938 | 3.0x | 0.60% |
| Curry County | $171,200 | $1,024/mo | $57,309 | 3.0x | 0.59% |
| Colfax County | $167,200 | $729/mo | $53,554 | 3.1x | 0.52% |
| Catron County | $167,000 | $736/mo | $49,864 | 3.3x | 0.36% |
| Los Alamos County | $495,800 | $1,375/mo | $147,139 | 3.4x | 0.55% |
| Luna County | $128,000 | $650/mo | $36,419 | 3.5x | 0.54% |
| San Juan County | $193,800 | $956/mo | $55,872 | 3.5x | 0.68% |
| Sandoval County | $313,800 | $1,427/mo | $86,636 | 3.6x | 0.73% |
| Sierra County | $152,600 | $729/mo | $41,600 | 3.7x | 0.52% |
| San Miguel County | $188,500 | $823/mo | $49,431 | 3.8x | 0.57% |
| Socorro County | $137,500 | $691/mo | $36,570 | 3.8x | 0.61% |
| Valencia County | $223,000 | $1,015/mo | $58,933 | 3.8x | 0.62% |
| Doña Ana County | $220,800 | $934/mo | $56,848 | 3.9x | 0.67% |
| Grant County | $175,600 | $825/mo | $44,958 | 3.9x | 0.46% |
| Bernalillo County | $292,900 | $1,144/mo | $69,473 | 4.2x | 0.90% |
| Rio Arriba County | $243,700 | $740/mo | $57,155 | 4.3x | 0.42% |
| Lincoln County | $233,200 | $956/mo | $53,303 | 4.4x | 0.53% |
| Santa Fe County | $446,300 | $1,389/mo | $79,071 | 5.6x | 0.48% |
| Taos County | $382,800 | $1,034/mo | $58,950 | 6.5x | 0.29% |
| De Baca County | $187,500 | $387/mo | N/A | N/A | 0.60% |
Questions This Page Answers
Each answer is generated from the current county dataset, so it changes when the underlying ACS data changes.
What is the typical home value in New Mexico by county?
What is the typical rent in New Mexico by county?
Which New Mexico counties are most affordable to buy in?
Why do cheap counties still need a closer look?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.