New Mexico cities — momentum scores, home values & rankings

All states·New Mexico

38 New Mexico cities tracked. Sorted by composite momentum score (home prices, rent, population).

Long thesis

The state's pop-weighted momentum is 62/100, and only 3 of 34 tracked cities are in the 'Declining' tier. That's a healthier distribution than most states. Bull case: the average is good, and the bottom of the distribution isn't ugly.

Short thesis

The bear case is the boring one: the median market is fine but the cycle is real. Watch the cities at the bottom of this state's distribution as the early-warning signal.

38
Cities tracked
$244,107
Median home (state)
20
Rising / Hot
6
Cooling / Declining

Rio Rancho

pop 112,524
72
Rising$362,476 · +0.4%

Los Lunas

pop 19,907
72
Rising$325,565 · +1.7%

Farmington

pop 46,262
70
Rising$279,567 · +4.4%

Las Vegas

pop 12,711
70
Rising$242,671 · +10.6%

Los Ranchos de Albuquerque

pop 5,833
70
Rising$705,804 · +4.4%

Sunland Park

pop 18,185
69
Rising$225,310 · -1.6%

Corrales

pop 8,530
69
Rising$703,312 · +3.7%

Belen

pop 7,556
69
Rising$266,329 · +1.3%

Bernalillo

pop 9,159
68
Rising$346,204 · +1.8%

Anthony

pop 8,910
68
Rising$235,930 · +0.4%

Bloomfield

pop 7,363
68
Rising$251,193 · +7.1%

Raton

pop 6,005
68
Rising$161,086 · +4.7%

Deming

pop 15,272
67
Rising$164,744 · +4.9%

Los Alamos

pop 13,179
67
Rising$584,242 · -0.6%

Las Cruces

pop 116,998
66
Rising$290,963 · -0.3%

Edgewood

pop 6,170
66
Rising$382,303 · +2.2%

Santa Teresa

pop 5,044
66
Rising$319,356 · -0.2%

Aztec

pop 6,129
65
Rising$271,300 · +4.3%

Albuquerque

pop 560,326
64
Rising$346,496 · +0.9%

Grants

pop 8,880
62
Rising$152,209 · +1.9%

Santa Fe

pop 90,551
61
Stable$580,746 · -0.3%

Socorro

pop 8,348
60
Stable$196,745 · +5.1%

Truth or Consequences

pop 5,942
60
Stable$156,705 · +0.3%

Placitas

pop 5,041
60
Stable$646,638 · -1.8%

Alamogordo

pop 31,667
59
Stable$222,209 · -3.2%

Chaparral

pop 16,551
59
Stable$213,916 · -2.6%

Clovis

pop 37,555
54
Stable$160,897 · -0.1%

Portales

pop 11,789
54
Stable$132,059 · +0.4%

Gallup

pop 20,339
53
Stable$219,929 · +0.6%

Artesia

pop 12,550
53
Stable$241,499 · +1.2%

Roswell

pop 47,176
52
Stable$174,715 · -0.8%

Ruidoso

pop 7,640
49
Stable$336,161 · -0.8%

Hobbs

pop 41,061
45
Cooling$217,558 · +2.5%

Carlsbad

pop 31,999
43
Cooling$244,107 · +0.4%

Taos

pop 6,453
38
Cooling$445,278 · -0.9%

Tucumcari

pop 5,058
28
Declining$77,339 · -15.0%

Lovington

pop 11,693
27
Declining$188,936 · -0.4%

Silver City

pop 9,399
26
Declining$224,633 · -8.2%

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Official state resources

Traffic & road closures

Verified official state sources from our source registry. Opens in a new tab.

Tools for New Mexico

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Cost of living & climate

Cost-of-living index
92.0 (US=100)
Below Us Avg. Source: MERIC Q4 2024 composite (housing, groceries, utilities, transport, healthcare, misc).
Climate

Desert and high-elevation arid. Hot dry summers, cool winters, snow at elevation. Wildfire smoke a growing issue.

More: NM taxes · NM best-of