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Eddy County Housing Market

New Mexico · 33 counties · Ranked #1898 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$199,400

vs national$199,400 vs $281,900 national

Median Gross Rent

$1,183/mo

vs national+$1,183 vs $1,163 national

Effective Tax Rate

0.50%

vs national0.50% vs 1.02% national

Median Household Income

$79,605

vs national+$79,605 vs $74,755 national

Affordability Ratio

2.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$995

Tax as % of Home Value

0.50%

Monthly Owner Cost

$739

Renter Income

$57,415

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Frequently Asked Questions

What is the median home value in Eddy County?

The median home value in Eddy County is $199,400. This is below the national median of $281,900.

How much is rent in Eddy County?

The median gross rent in Eddy County is $1,183 per month.

What is the property tax rate in Eddy County?

The effective property tax rate in Eddy County is 0.50%. The median annual property tax bill is $995.

Is Eddy County affordable?

With a home-value-to-income ratio of 2.5x, Eddy County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.