With a wealthy heritage, historic adobe structure, and vibrant artwork communities to breathtaking landscapes just like the otherworldly White Sands Nationwide Park and the traditional cliff dwellings of Bandelier Nationwide Monument, New Mexico is a one-of-a-kind place to reside. In case you’re contemplating dwelling someplace in New Mexico then likelihood is you even have a finances you’re hoping to remain underneath in your house or condominium search. As of April, the median residence sale value in New Mexico is $357,400.
If that value doesn’t match into your finances, don’t fear. Redfin has collected 7 of probably the most inexpensive locations to reside in New Mexico. And the most effective half is that all of them have a median residence sale value underneath $357,400. From Roswell to Las Cruces, study what cities are on the record.
#1: Roswell
Median residence value: $170,000Median family revenue: $45,493 Nearest main metro: Lubbock, TX (175 miles)Roswell, NM houses for saleRoswell, NM flats for hire
With a median residence sale value of $170,000, Roswell takes the primary spot on our record of inexpensive locations to reside in New Mexico. There are about 48,400 residents dwelling on this mid-sized metropolis positioned within the Southeastern portion of the state. Dwelling in Roswell, you may cease by the Roswell Welcome Signal, discover Roswell’s downtown, take a look at one of many artwork museums like Roswell Museum or Anderson Museum of Modern Artwork, or go to Bitter Lake Nationwide Wildlife Refuge.
#2: Clovis
Median residence value: $199,250Average hire for a 1-bedroom condominium: $1,046Median family revenue: $52,983Nearest main metro: Lubbock, TX (100 miles)Clovis, NM houses for saleClovis, NM flats for hire
The second metropolis on our record is Clovis, residence to about 37,600 residents. Positioned on the jap portion of the state, close to the New Mexico-Texas border, Clovis is a captivating metropolis to name residence. In Clovis, you may discover the Hillcrest Park Zoo, take a look at the Cannon AFB Customer Heart, and wander by the quaint downtown the place you’ll discover native retailers and markets.
#3: Farmington
Median residence value: $269,000Average hire for a 1-bedroom condominium: $815 Median family revenue: $56,576 Nearest main metro: Albuquerque (185 miles)Farmington, NM houses for saleFarmington, NM flats for hire
Farmington is available in as the subsequent most inexpensive metropolis to reside in New Mexico. It’s about 185 miles from the closest main metro, Albuquerque, however is barely about 52 miles from Durango, CO. When dwelling on this metropolis of 46,600 individuals, you may spend the day at Lake Farmington, go to the Farmington Museum the place you may study in regards to the native historical past, and stroll alongside the Animas River Stroll.
#4: South Valley
Median residence value: $290,000Average sale value per sq. foot: $209Median family revenue: $44,670Nearest main metro: Albuquerque (7 miles)South Valley, NM houses for saleSouth Valley, NM flats for hire
Fourth on our record is the charming Albuquerque suburb of South Valley. House to about 37,600 residents, there are many one-of-a-kind actions in South Valley. For instance, you may discover the Valle de Oro Nationwide Wildlife Refuge, with over 570 acres of protected land, wildlife, and trails alongside the Rio Grande. You can too go to the Gutierrez-Hubbell Home, an adobe residence courting again to the 1860s.
#5: Las Cruces
Median residence value: $315,000Average hire for a 1-bedroom condominium: $1,002 Median family revenue: $45,140 Nearest main metro: Albuquerque (225 miles)Las Cruces, NM houses for saleLas Cruces, NM flats for hire
Fifth is Las Cruces, the place about 111,400 residents at the moment reside. The median residence sale value is $315,000 which is about $40K lower than the median residence sale value in New Mexico. If you end up shifting to this inexpensive metropolis, be certain to hike by Mesilla Valley Bosque State Park alongside the Rio Grande River, discover New Mexico Farm and Ranch Heritage Museum, and seize some superb Southwestern meals downtown. It’s additionally the most effective locations to reside in New Mexico.
#6: Hobbs
Median residence value: $322,000Average hire for a 1-bedroom condominium: $1,190Median family revenue: $63,804Nearest main metro: Midland, TX (95 miles)Hobbs, NM houses for saleHobbs, NM flats for hire
Subsequent up on our record of inexpensive locations to reside in New Mexico is Hobbs. With a median residence sale value of $322,000 and about 39,300 residents, Hobbs is an superior place to name residence in jap New Mexico. Hobbs is residence to landmarks just like the Zia Park Racetrack, Lea County Occasion Heart, and the Western Heritage Museum and Lea County Cowboy Corridor of Fame. Hobbs’ charming downtown has lots to discover, particularly testing the native delicacies.
#7: Albuquerque
Median residence value: $346,000 Common sale value per sq. foot: $211Average hire for a 1-bedroom condominium: $1,324 Median family revenue: $56,576 Nearest main metro: Santa Fe (65 miles)Albuquerque, NM houses for saleAlbuquerque, NM flats for hire
Taking the ultimate spot is none aside from Albuquerque. With roughly 564,600 residents in Albuquerque, be certain to discover Previous City Albuquerque, the historic coronary heart of the town, the place you’ll discover adobe buildings, retailers, galleries, and eating places or go to the annual Albuquerque Worldwide Balloon Fiesta. You can too take a look at the Indian Pueblo Cultural Heart, and experience the Sandia Peak Tramway as much as the highest of Sandia Peak, the place you’ll discover views of the town and desert panorama.
>> Learn: Widespread Albuquerque, NM, Neighborhoods to Dwell in
Methodology: All cities will need to have over 35,000 residents per the US Census and have a median residence sale value underneath the common median residence sale value in New Mexico. Median residence sale value and median sale value per sq. foot from the Redfin Information Heart throughout April 2025. Common rental information from Hire.com April 2025. Inhabitants and median family revenue information sourced from the US Census Bureau.
