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Cheapest homes, New Mexico cities · 2020

New Mexico cities with the lowest median home value (2023 ACS owner-occupied units). This list covers the 46 cities in New Mexico that qualify, ranked against each other statewide.

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New MexicoAll statesPop > 5KAll rankings
SAME RANKING BYCountiesStatesMetrosZIP codes
RELATEDMost expensive homesHighest median rentLowest median rentHighest homeownership rateHighest renter shareNewest housing stock
YEAR19902000201020202024
Cheapest homes by state
RANKPLACESTATEPOPMEDIAN HOME VALUEVS 2000
01Tucumcari, NMNM5,082$47,100+3%
02Zuni Pueblo, NMNM5,864$66,000+28%
03El Cerro Mission, NMNM5,323$69,700
04Shiprock, NMNM7,610$78,700+122%
05Chaparral, NMNM18,186$83,100+57%
06Truth or Consequences, NMNM5,949$84,300+59%
07Deming, NMNM14,944$88,200+63%
08Raton, NMNM5,952$91,300+40%
09Anthony, NMNM8,900$93,500+101%
10Grants, NMNM8,933$103,600+70%
11Belen, NMNM7,589$105,200+34%
12Roswell, NMNM46,878$110,000+97%
13Portales, NMNM11,734$117,100+124%
14Lovington, NMNM11,620$121,000+178%
15Las Vegas, NMNM12,574$121,700+51%
16Alamogordo, NMNM31,906$125,400+84%
17Sunland Park, NMNM18,268$130,200+182%
18Clovis, NMNM37,127$132,300+112%
19Gallup, NMNM19,969$135,500+56%
20Socorro, NMNM8,261$135,700+83%
21Silver City, NMNM9,284$139,600+68%
22Hobbs, NMNM40,863$144,000+198%
23Bloomfield, NMNM7,335$147,300+106%
24Carlsbad, NMNM32,524$150,300+153%
25South Valley, NMNM37,120$153,400+65%
26Aztec, NMNM6,091$160,000+105%
27Las Cruces, NMNM116,978$161,100+92%
28Española, NMNM10,458$162,100+74%
29Bernalillo, NMNM9,159$167,000+117%
30Los Lunas, NMNM20,572$172,200+79%
31North Hobbs, NMNM6,034$184,100
32Santa Teresa, NMNM6,041$185,400+64%
33Artesia, NMNM12,735$185,500+207%
34Farmington, NMNM46,055$188,500+104%
35Edgewood, NMNM6,157$192,400+64%
36Rio Rancho, NMNM114,419$200,800+79%
37Albuquerque, NMNM556,588$204,100+65%
38Ruidoso, NMNM7,580$204,900+109%
39North Valley, NMNM10,455$213,500+111%
40Taos, NMNM6,526$284,100+90%
41Santa Fe, NMNM89,837$290,800+64%
42Los Alamos, NMNM13,317$317,200+55%
43White Rock, NMNM5,716$335,500+46%
44Eldorado at Santa Fe, NMNM5,619$399,800+80%
45Los Ranchos de Albuquerque, NMNM5,790$435,400+82%
46Corrales, NMNM8,484$437,500+69%
SHOWING 1–46 OF 46
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UPDATED 2026-06-02 · DATA: US CENSUS BUREAU ACS 5-YEAR ESTIMATES