New Mexico,
by the numbers.
A high-level rental-market baseline from official Census and FHFA data. Use it to compare areas before underwriting a specific property.
ACS values are estimates for 2020–2024. FHFA values are seasonally adjusted state index changes for the latest published quarter at retrieval, not a current home price. The insurance figure is the statewide average HO-3 owner-occupied premium from the NAIC 2023 report. These are not listings, asking rents, property-specific tax or insurance quotes, or investment recommendations. Sources and limitations.
Explore places in New Mexico.
Largest Census places by population. Search the full catalog for more locations.
| Place | Population | Median rent | Median home value | Vacancy | Open |
|---|---|---|---|---|---|
| Albuquerque | 562.2K | $1,145 | $291,500 | 5.6% | |
| Las Cruces | 114.2K | $974 | $231,700 | 5.8% | |
| Rio Rancho | 108.5K | $1,514 | $310,200 | 3.8% | |
| Santa Fe | 89K | $1,463 | $444,900 | 10.1% | |
| Roswell | 47.6K | $876 | $152,600 | 10.8% | |
| Farmington | 46.3K | $1,037 | $233,000 | 8.9% | |
| Hobbs | 40.3K | $1,112 | $191,300 | 11.8% | |
| Clovis | 37.9K | $988 | $169,400 | 12.7% | |
| South Valley | 37.1K | $954 | $224,300 | 6.7% | |
| Carlsbad | 31.7K | $1,236 | $200,000 | 12.9% | |
| Alamogordo | 31.3K | $902 | $172,900 | 14.7% | |
| Gallup | 21K | $927 | $165,200 | 7.3% |
Model a property in New Mexico.
Start with the statewide ACS medians, then replace every assumption with the property’s actual rent, taxes, insurance and financing.
Use New Mexico baseline