The median home value in New Mexico is $256,300 — 27% below the US median of $351,822 (Census ACS 2023). New Mexico ranks #36 of 51 for home prices.
What is the average rent in New Mexico?
The median gross rent in New Mexico is $1,084 per month — 17% below the US median of $1,300.
Is New Mexico expensive to live in?
For housing, New Mexico ranks #36 of 51 by home price and #33 by rent (1 = most expensive). Use our cost-of-living tools to compare total living costs.