Rental numbers for New Mexico
1 of 42 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 5.6%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 5.6%
- 42 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $318,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,580/mo
- median across 42 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Curry County | $162,000 | $1,270 | 9.4% | 5.5% | -$128 | +5.8% |
| Chaves County | $173,000 | $1,302 | 9.0% | 5.3% | -$173 | +8.6% |
| Grant County | $186,000 | $1,329 | 8.6% | 5.1% | -$216 | n/a |
| Roosevelt County | $150,000 | $1,014 | 8.1% | 4.4% | -$253 | +5.7% |
| Lea County | $204,000 | $1,362 | 8.0% | 4.7% | -$308 | +6.9% |
| Eddy County | $253,000 | $1,685 | 8.0% | 4.8% | -$358 | +9.4% |
| Otero County | $234,000 | $1,542 | 7.9% | 4.6% | -$362 | +4.5% |
| Valencia County | $320,000 | $2,003 | 7.5% | 4.4% | -$551 | +2.6% |
| Lincoln County | $335,000 | $1,825 | 6.5% | 3.6% | -$788 | n/a |
| Sandoval County | $374,000 | $1,926 | 6.2% | 3.2% | -$1,022 | +4.3% |
| Dona Ana County | $288,000 | $1,469 | 6.1% | 3.1% | -$817 | +1.8% |
| San Juan County | $282,000 | $1,303 | 5.5% | 2.5% | -$922 | +4.4% |
| Taos County | $438,000 | $1,994 | 5.5% | 3.1% | -$1,242 | n/a |
| Los Alamos County | $581,000 | $2,541 | 5.2% | 2.7% | -$1,811 | n/a |
| Bernalillo County | $349,000 | $1,454 | 5.0% | 2.0% | -$1,311 | +1.1% |
| Santa Fe County | $553,000 | $1,922 | 4.2% | 1.8% | -$2,130 | +0.6% |
| Catron County | $221,000 | not published | n/a | n/a | n/a | n/a |
| Cibola County | $161,000 | not published | n/a | n/a | n/a | n/a |
| Colfax County | $243,000 | not published | n/a | n/a | n/a | n/a |
| De Baca County | $112,000 | not published | n/a | n/a | n/a | n/a |
| Hidalgo County | $113,000 | not published | n/a | n/a | n/a | n/a |
| Luna County | $157,000 | not published | n/a | n/a | n/a | n/a |
| McKinley County | $222,000 | not published | n/a | n/a | n/a | n/a |
| Mora County | n/a | not published | n/a | n/a | n/a | n/a |
| Quay County | $112,000 | not published | n/a | n/a | n/a | n/a |
| Rio Arriba County | $336,000 | not published | n/a | n/a | n/a | n/a |
| San Miguel County | $255,000 | not published | n/a | n/a | n/a | n/a |
| Sierra County | $183,000 | not published | n/a | n/a | n/a | n/a |
| Socorro County | $203,000 | not published | n/a | n/a | n/a | n/a |
| Torrance County | $225,000 | not published | n/a | n/a | n/a | n/a |
| Union County | $119,000 | not published | n/a | n/a | n/a | n/a |
Highest-yield ZIP codes in New Mexico
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 88203Roswell | $143,000 | $1,296 | 10.9% | +$25 |
| 88101Clovis | $165,000 | $1,271 | 9.3% | -$149 |
| 88310Alamogordo | $221,000 | $1,560 | 8.5% | -$278 |
| 88130Portales | $148,000 | $1,014 | 8.2% | -$244 |
| 88240Hobbs | $200,000 | $1,350 | 8.1% | -$295 |
| 88220Carlsbad | $257,000 | $1,658 | 7.8% | -$411 |
| 88210Artesia | $249,000 | $1,600 | 7.7% | -$412 |
| 87031Los Lunas | $331,000 | $2,071 | 7.5% | -$574 |
| 88061Silver City | $224,000 | $1,400 | 7.5% | -$406 |
| 88012Las Cruces | $294,000 | $1,791 | 7.3% | -$559 |
Trends
Five years to August 2026
- Price, 12 months
- +1.7%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.70%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $252,743 |
| Aug 2022 | $289,247 |
| Aug 2023 | $297,033 |
| Aug 2024 | $307,971 |
| Aug 2025 | $312,915 |
| Aug 2026 | $318,241 |
Costs that vary by state
- Effective property tax
- 0.70%
- Census ACS 2024
- Landlord insurance default
- $1,788/yr
- NAIC HO-3 $1,490 x 1.2
- Permits per 1,000 households
- 6.0
- last 12 months
- Median typical price
- $327,000
- tier A ZIPs
Metros
Questions
- Is New Mexico good for rental property?
- 1 of 42 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 5.6%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in New Mexico?
- About 0.70% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in New Mexico?
- NAIC's 2023 average homeowners (HO-3) premium in New Mexico was $1,490. Landlord policies usually cost more, so this site assumes $1,788 a year. Quotes depend on the property, coverage and claims history.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.