New Mexico’s housing market isn’t all high desert prices and booming metros. According to the Zillow Home Value Index, there are still plenty of places where homeownership comes with a much smaller price tag. These 19 towns offer some of the lowest property values in the state as of May 2025, making them especially attractive to first-time buyers, budget-conscious movers, and anyone seeking more space for less. From quiet rural corners to lesser-known small towns, affordability still exists—you just have to know where to look.
19. Clovis – 19.5% Home Price Increase Since 2016
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- 2016: $137,257
- 2017: $136,617 (-$640, -0.47% from previous year)
- 2018: $132,272 (-$4,345, -3.18% from previous year)
- 2019: $143,273 (+$11,001, +8.32% from previous year)
- 2020: $146,375 (+$3,102, +2.16% from previous year)
- 2021: $152,372 (+$5,997, +4.10% from previous year)
- 2022: $160,059 (+$7,687, +5.05% from previous year)
- 2023: $166,991 (+$6,932, +4.33% from previous year)
- 2024: $164,736 (-$2,256, -1.35% from previous year)
- 2025: $164,114 (-$622, -0.38% from previous year)
Clovis home prices have gradually increased by nearly 20% since 2016, with the most consistent gains occurring between 2019 and 2023. While 2024 and 2025 brought slight year-over-year declines, these were minimal and suggest stabilization rather than a downturn. Clovis remains one of the more affordable medium-sized markets in eastern New Mexico, offering predictable pricing in an otherwise uncertain housing environment. That kind of long-term steadiness is rare—and appealing—for buyers who want value without the stress of large swings in home equity.
Clovis – Eastern NM Hub with Economic Anchors
Clovis sits in Curry County near the Texas border and is home to Cannon Air Force Base, one of the town’s key economic drivers. The base helps support a local economy that’s far more stable than many rural towns of its size, with consistent housing demand tied to personnel rotations and support staff. Residents also benefit from a well-developed public school system, community college offerings, and access to basic healthcare services. Its regional airport, rail connections, and agriculture-focused industries contribute further to Clovis’s role as an eastern New Mexico anchor. Though not flashy, it offers a practical and balanced lifestyle with room for modest appreciation over time.
In terms of amenities, Clovis has a blend of chain and local retail, family-friendly parks, and several museums that highlight the region’s music and ranching heritage. It’s particularly noted for its connection to early rock and roll history—Norman Petty Studios famously hosted Buddy Holly. The town’s layout is easy to navigate, and housing options include everything from compact starter homes to larger ranch-style properties. With a current median home value hovering just above $164,000, Clovis continues to be a solid option for military families, first-time homebuyers, and anyone looking to settle in a community where prices haven’t spiraled out of control.
18. Arenas Valley – 0.3% Home Price Decrease Since 2021
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- 2021: $163,994
- 2022: $181,561 (+$17,567, +10.71% from previous year)
- 2023: $182,646 (+$1,086, +0.60% from previous year)
- 2024: $175,260 (-$7,386, -4.04% from previous year)
- 2025: $163,448 (-$11,812, -6.74% from previous year)
Since 2021, Arenas Valley has experienced only a slight net decrease in home prices—just under 1%. However, this comes after a notable jump in 2022 that pushed values close to $183,000 before cooling sharply over the next two years. In 2025, home values returned to roughly their 2021 levels, suggesting a short-term bubble that has since corrected. For buyers, this pattern presents a potential opportunity: if prices stabilize, it may be possible to buy in at the low point of a cycle.
Arenas Valley – Quiet Foothills and Nearby Silver City
Arenas Valley is a lightly populated residential area nestled between Silver City and the Gila National Forest in Grant County. It’s often seen as an extension of Silver City’s outer suburbs, giving residents a mix of privacy and proximity to shopping, dining, and healthcare. The surrounding landscape features rolling foothills, piñon pine, and occasional elk sightings, all while being just minutes from galleries and cafes in Silver City’s historic downtown. That mix of nature and culture gives Arenas Valley a distinct appeal to retirees and telecommuters looking for peaceful surroundings without isolation.
Because the town doesn’t have much commercial development of its own, homebuyers here tend to prioritize lifestyle over investment. Many properties come with acreage, giving homeowners space to garden, raise animals, or simply enjoy the outdoors. With prices now under $165,000, Arenas Valley is more accessible than many parts of New Mexico with similar natural assets. If long-term value isn’t your only metric—and you’re more interested in peace, space, and clean air—this community may be worth serious consideration, especially while prices remain cooled from their peak.
17. Mountainair – 0.4% Home Price Increase Since 2024
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- 2024: $162,181
- 2025: $162,854 (+$673, +0.41% from previous year)
Mountainair’s price history is limited, with values only available for 2024 and 2025. Over that one-year period, home values increased marginally—just 0.4%—indicating a market that’s either in early development or deeply stable. That makes it harder to draw long-term trends, but it does suggest that prices are not currently overheating. With homes hovering around $162,000, the town lands in the lower half of New Mexico’s affordability spectrum.
Mountainair – A Remote Creative Retreat with Rural Charm
Mountainair is a tiny town in Torrance County with just a few hundred residents, best known for its artistic community and proximity to historic landmarks like the Salinas Pueblo Missions National Monument. Artists, retirees, and solitude-seekers are drawn to the area’s quiet streets, adobe architecture, and dramatic high-desert views. It’s not unusual to find working studios inside converted homes, and local art shows are common in the warmer months. Despite its small size, the town maintains a post office, library, and small market—enough to support daily life while preserving its off-grid appeal.
What Mountainair lacks in economic activity it makes up for in authenticity and affordability. The slow pace of life here contributes to the lack of volatility in the housing market, and prices may remain steady for years to come. That’s good news for buyers looking for a primary residence without market noise or speculative pressure. It’s also within driving distance of Albuquerque for occasional trips to the city. If you’re not dependent on daily conveniences or fast-growing equity, Mountainair might offer the balance you’re seeking: affordability, beauty, and deep quiet.
16. Williamsburg – 42.9% Home Price Increase Since 2017
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- 2017: $112,846
- 2018: $110,049 (-$2,797, -2.48% from previous year)
- 2019: $112,663 (+$2,613, +2.37% from previous year)
- 2020: $118,563 (+$5,901, +5.24% from previous year)
- 2021: $136,918 (+$18,355, +15.48% from previous year)
- 2022: $162,733 (+$25,814, +18.85% from previous year)
- 2023: $169,113 (+$6,380, +3.92% from previous year)
- 2024: $162,187 (-$6,926, -4.10% from previous year)
- 2025: $161,242 (-$945, -0.58% from previous year)
Home prices in Williamsburg have climbed over 42% since 2017, driven by a surge between 2020 and 2022 that saw values rise at double-digit rates. The peak came in 2023 with homes averaging just over $169,000. Though values dipped modestly in the following two years, they’ve remained far above pre-pandemic levels. This upward trend, even with recent corrections, reflects growing interest in smaller towns with access to outdoor amenities and quieter lifestyles.
Williamsburg – Desert Calm Near Healing Waters
Williamsburg is a small riverside town nestled along the Rio Grande, directly adjacent to the more well-known Truth or Consequences. Though small in population, the area benefits from tourism tied to nearby hot springs, Elephant Butte Lake, and local wellness retreats. Residents enjoy easy access to boating, fishing, and scenic desert views, all with a significantly lower cost of living compared to more developed cities. It’s the kind of place where mornings start slowly, and nature is always within arm’s reach. This tranquility has drawn in a growing number of retirees and remote workers over the past five years, which may partly explain the home price bump during the pandemic years.
Despite the recent dip, Williamsburg remains appealing due to its location and affordability. It’s far from a commercial hub, but for those willing to trade big-city conveniences for a calm environment with basic amenities nearby, it offers strong value. Many homes here feature generous lot sizes and views of open desert or the nearby water. As of 2025, median prices hover around $161,000—well below national averages but with the kind of quality-of-life perks that punch above their price tag. For those seeking serenity without the sticker shock, Williamsburg may still be on the rise long-term.
15. Deming – 6.1% Home Price Decrease Since 2012
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- 2012: $166,174
- 2013: $136,422 (-$29,752, -17.90% from previous year)
- 2014: $146,004 (+$9,582, +7.02% from previous year)
- 2015: $130,670 (-$15,334, -10.50% from previous year)
- 2016: $116,716 (-$13,954, -10.68% from previous year)
- 2017: $113,626 (-$3,091, -2.65% from previous year)
- 2018: $118,134 (+$4,509, +3.97% from previous year)
- 2019: $121,365 (+$3,230, +2.73% from previous year)
- 2020: $126,204 (+$4,839, +3.99% from previous year)
- 2021: $144,541 (+$18,337, +14.53% from previous year)
- 2022: $157,924 (+$13,384, +9.26% from previous year)
- 2023: $155,583 (-$2,341, -1.48% from previous year)
- 2024: $156,709 (+$1,125, +0.72% from previous year)
- 2025: $155,959 (-$750, -0.48% from previous year)
Deming’s home values have declined about 6% overall since 2012, though this masks a more nuanced trend. The early 2010s saw steep drops, but a slow recovery began around 2017 and peaked in 2022 at nearly $158,000. Since then, prices have fluctuated slightly, reflecting a leveling out of demand. At $155,959 in 2025, Deming offers one of the most affordable housing markets in the state, especially for those seeking long-term residence rather than quick equity growth.
Deming – Open Spaces and Value Living in the Southwest
Deming sits along I-10 in the southwestern corner of New Mexico, about an hour from the Mexican border and two hours from El Paso. Known for its desert surroundings and distant mountain views, the town has long attracted those looking for open space, low taxes, and a slower lifestyle. The local economy is supported by agriculture, mining, and some tourism, with nearby attractions like Rockhound State Park drawing in RVers and outdoor enthusiasts. While job opportunities are limited compared to larger cities, the cost of living is significantly lower, making it attractive for retirees and fixed-income households.
Real estate in Deming includes a mix of historic adobe homes, modest ranch-style houses, and manufactured homes on large plots of land. Some properties even come with acreage at prices rarely seen in other parts of the country. Though it’s not a high-growth market, recent infrastructure improvements and improved broadband access have sparked mild interest among remote workers. The town’s housing market may never surge—but for buyers who value quiet, space, and affordability, Deming offers a rare chance to stretch a dollar further without sacrificing the essentials.
14. Truth or Consequences – 13.0% Home Price Increase Since 2011
- 2010: N/A
- 2011: $137,979
- 2012: $129,548 (-$8,431, -6.11% from previous year)
- 2013: $115,251 (-$14,296, -11.04% from previous year)
- 2014: $112,472 (-$2,779, -2.41% from previous year)
- 2015: $101,730 (-$10,742, -9.55% from previous year)
- 2016: $101,435 (-$295, -0.29% from previous year)
- 2017: $99,091 (-$2,343, -2.31% from previous year)
- 2018: $98,936 (-$156, -0.16% from previous year)
- 2019: $102,539 (+$3,603, +3.64% from previous year)
- 2020: $108,168 (+$5,630, +5.49% from previous year)
- 2021: $128,993 (+$20,825, +19.25% from previous year)
- 2022: $146,221 (+$17,228, +13.36% from previous year)
- 2023: $150,237 (+$4,016, +2.75% from previous year)
- 2024: $156,300 (+$6,064, +4.04% from previous year)
- 2025: $155,883 (-$417, -0.27% from previous year)
Since 2011, home prices in Truth or Consequences have grown by a modest 13%, though the increase has been anything but smooth. The town experienced a long period of declining values through 2017 before prices began to climb steadily. A major spike occurred between 2020 and 2022, when values jumped by over 35% in just two years. Prices have continued to rise modestly since, with a slight dip in 2025 indicating the market may be settling into a more stable rhythm.
Truth or Consequences – Healing Springs and Housing Value
Truth or Consequences—often shortened to “T or C”—is a small town with a big reputation thanks to its quirky name and legendary hot springs. Located in Sierra County along the Rio Grande, the town has long been a haven for wellness seekers, artists, and retirees. The downtown district is lined with vintage motels and hot spring spas, many of which date back to the mid-20th century. In recent years, the rise of remote work and renewed interest in small-town living brought a wave of new buyers, which helped lift property values out of their decade-long slump.
Aside from its healing waters, T or C offers a scenic lifestyle close to Elephant Butte Lake—New Mexico’s largest reservoir—and nearby hiking trails. The cost of living remains below the national average, and homes range from mid-century fixer-uppers to updated bungalows with desert views. With 2025 prices just under $156,000, the town is still accessible for buyers on a budget, especially those prioritizing lifestyle over rapid equity gains. As tourism continues to support the local economy, Truth or Consequences may offer both affordability and charm with slow but steady value growth.
13. Carrizozo – 9.5% Home Price Decrease Since 2024
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- 2024: $170,732
- 2025: $154,474 (-$16,258, -9.52% from previous year)
With data only available for the last two years, Carrizozo saw a steep decline of 9.5% in home values from 2024 to 2025. The drop brings the average home price to just under $155,000, making it one of the more affordable towns in central New Mexico. While it’s difficult to identify long-term patterns from limited data, the recent decline may suggest market volatility or a correction following a speculative bump.
Carrizozo – Creative Escape in the High Desert
Carrizozo is a small Lincoln County town that has quietly built a reputation as a haven for creatives and eccentrics. Tucked between the Sacramento Mountains and the Jornada del Muerto desert basin, it offers panoramic views, crisp air, and a surprising number of art installations and independent galleries. Its remoteness has kept prices low and development slow, but that isolation is precisely what draws many of its residents. The town has been featured in regional travel pieces for its artsy vibe and strong sense of place, even though services and employment options are limited.
For buyers, Carrizozo presents an unusual mix of affordability and cultural richness. Most homes are older but charming, and vacant lots are still available at reasonable rates. While the recent price drop may give some pause, it could also represent a chance to purchase at the bottom of a cycle—especially for those not reliant on fast resale. With more people looking to escape crowded cities, Carrizozo might continue to attract a slow trickle of buyers looking for inspiration, community, and desert quiet.
12. Raton – 32.4% Home Price Increase Since 2010
- 2010: $116,404
- 2011: $111,654 (-$4,750, -4.08% from previous year)
- 2012: $111,254 (-$400, -0.36% from previous year)
- 2013: $107,722 (-$3,532, -3.17% from previous year)
- 2014: $105,537 (-$2,185, -2.03% from previous year)
- 2015: $103,074 (-$2,463, -2.33% from previous year)
- 2016: $96,539 (-$6,535, -6.34% from previous year)
- 2017: $87,971 (-$8,568, -8.87% from previous year)
- 2018: $94,370 (+$6,399, +7.27% from previous year)
- 2019: $97,390 (+$3,020, +3.20% from previous year)
- 2020: $107,024 (+$9,634, +9.89% from previous year)
- 2021: $126,399 (+$19,375, +18.10% from previous year)
- 2022: $132,773 (+$6,374, +5.04% from previous year)
- 2023: $133,193 (+$420, +0.32% from previous year)
- 2024: $134,367 (+$1,173, +0.88% from previous year)
- 2025: $154,105 (+$19,738, +14.69% from previous year)
Raton’s housing market saw a 32% rise in home prices between 2010 and 2025, but that growth was anything but steady. The first half of the 2010s brought consistent decline, with values bottoming out in 2017. From there, however, the town experienced a turnaround, with prices more than doubling by 2025. The most dramatic increase occurred between 2020 and 2025, likely influenced by broader market trends and renewed demand for smaller, affordable towns.
Raton – Gateway to the Rockies with a Comeback Story
Located in northeastern New Mexico near the Colorado border, Raton is a mountain town with a storied past and evolving present. Once a key rail hub and coal mining center, the town has seen its population decline over the decades, but its strategic location and natural beauty continue to offer appeal. Raton Pass, a scenic route through the Sangre de Cristo Mountains, draws travelers year-round, and the nearby Sugarite Canyon State Park is popular with hikers, anglers, and campers. Raton also features historic architecture and a walkable downtown that’s slowly being revitalized with new businesses and cultural programming.
In recent years, Raton has emerged as a value option for buyers priced out of more expensive mountain towns in Colorado. The sharp rise in home prices since 2020 suggests a renewed interest from out-of-state buyers, possibly including remote workers or retirees seeking mountain views at a discount. With homes now averaging just over $154,000 in 2025, Raton still qualifies as affordable, even if it’s no longer as cheap as it once was. For those willing to invest in a recovering market, it could offer both lifestyle perks and moderate appreciation potential.
11. Eunice – 36.2% Home Price Decrease Since 2022
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- 2022: $236,519
- 2023: $196,412 (-$40,107, -16.96% from previous year)
- 2024: $155,188 (-$41,224, -20.99% from previous year)
- 2025: $150,851 (-$4,337, -2.79% from previous year)
Home values in Eunice have dropped sharply since 2022, falling by over 36% in just three years. The bulk of this decline happened between 2022 and 2024, when home prices plunged from more than $236,000 to just over $155,000. Though the pace of decline slowed slightly in 2025, prices are still on a downward trend. Such rapid deflation suggests a highly reactive market—possibly one tied to local economic cycles or major employer shifts.
Eunice – Energy Town Facing Market Pressures
Located in Lea County near the Texas border, Eunice is a small oil town shaped heavily by the booms and busts of the energy sector. The local economy depends largely on oilfield jobs and supporting industries, which helps explain the extreme volatility in its housing prices. When energy prices are high and activity surges, demand for housing follows. But when markets contract, as they have in recent years, the effects are swift and widespread. Eunice has felt those shifts acutely, with home values falling in tandem with reduced drilling activity and workforce declines.
Still, Eunice offers some advantages for those seeking affordability and proximity to the Permian Basin. It’s within commuting range of Hobbs and other energy hubs, and it features modest but functional housing stock. The area is also home to the URENCO USA uranium enrichment facility, one of the few in the country, which provides additional employment. At under $151,000, home prices are now more affordable than at any point in the last five years, making this a potential opportunity for long-term buyers who can weather the industry’s cycles.
10. Grants – 50.6% Home Price Increase Since 2016
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- 2016: $99,672
- 2017: $86,993 (-$12,679, -12.72% from previous year)
- 2018: $92,917 (+$5,924, +6.81% from previous year)
- 2019: $100,830 (+$7,913, +8.52% from previous year)
- 2020: $105,923 (+$5,093, +5.05% from previous year)
- 2021: $120,641 (+$14,718, +13.89% from previous year)
- 2022: $140,366 (+$19,725, +16.35% from previous year)
- 2023: $140,805 (+$439, +0.31% from previous year)
- 2024: $144,997 (+$4,191, +2.98% from previous year)
- 2025: $150,094 (+$5,097, +3.52% from previous year)
Grants has seen a healthy 51% increase in home prices since 2016, with most of the growth occurring after 2020. Although there was a notable dip in 2017, the market quickly recovered and has continued to grow, albeit more slowly in recent years. The consistent rise in value suggests a relatively stable housing market in a town that may be attracting more long-term buyers than in the past.
Grants – Small-Town Growth Along Historic Route 66
Grants sits in Cibola County, about an hour west of Albuquerque along historic Route 66. Once a uranium mining town, it has reinvented itself over the decades with a focus on tourism, transportation, and small-scale agriculture. Its location makes it a popular pit stop for cross-country travelers, while its affordability has attracted buyers looking for alternatives to rising prices in metro Albuquerque. Outdoor recreation is abundant, with easy access to El Malpais National Monument, Mount Taylor, and the Zuni Mountains. These natural attractions help support a growing eco-tourism presence in the area.
While Grants lacks the buzz of a boomtown, its steady upward price trend reflects a real demand for low-cost housing with access to nature and basic amenities. The town features a mix of mid-century homes, modest new builds, and older properties in need of renovation—all priced considerably lower than statewide averages. With 2025 values sitting just above $150,000, Grants still offers room for growth without being overheated. It’s a practical option for budget-conscious buyers who want more space and don’t mind a quieter lifestyle.
9. Dexter – 6.8% Home Price Increase Since 2018
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- 2018: $132,864
- 2019: $151,777 (+$18,913, +14.24% from previous year)
- 2020: $167,940 (+$16,163, +10.65% from previous year)
- 2021: $182,511 (+$14,572, +8.68% from previous year)
- 2022: $182,438 (-$74, -0.04% from previous year)
- 2023: $161,021 (-$21,417, -11.74% from previous year)
- 2024: $138,323 (-$22,698, -14.10% from previous year)
- 2025: $141,945 (+$3,622, +2.62% from previous year)
Dexter’s home prices rose sharply from 2018 to 2021, peaking at over $182,000 before undergoing two years of significant decline. By 2024, prices had dropped to just $138,000, but a small rebound in 2025 pushed them back up slightly. Over the full seven-year window, prices remain up about 7%, but the volatility points to a housing market still finding its footing.
Dexter – A Farming Community with Housing Ups and Downs
Located south of Roswell in Chaves County, Dexter is a small agricultural town with strong ties to dairy farming and local produce. It’s the kind of place where residents know their neighbors and daily life is tied closely to the land. That agricultural backbone can be both a strength and a vulnerability, especially when commodity prices, droughts, or labor shifts affect the region. Despite its small size, Dexter offers a peaceful rural lifestyle and a school system that serves not just the town but surrounding ranches and communities.
Homebuyers here will find mostly single-story homes on modest lots, with a few older farmhouses scattered around the outskirts. Prices are lower than in nearby Roswell, and the recent price dip may represent a return to baseline after a period of speculative growth. With a 2025 home value just under $142,000, Dexter remains an attractive option for buyers who want a home base in the heart of southeastern New Mexico’s farming country—especially those not chasing quick appreciation.
8. Jal – 37.2% Home Price Decrease Since 2022
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- 2022: $225,101
- 2023: $185,489 (-$39,611, -17.60% from previous year)
- 2024: $138,672 (-$46,817, -25.24% from previous year)
- 2025: $141,432 (+$2,760, +1.99% from previous year)
Jal’s housing market has experienced one of the sharpest drops on this list, with prices plummeting by over 37% since 2022. After peaking at $225,101, home values fell by more than $86,000 in just two years, bottoming out in 2024. Although 2025 brought a slight rebound, this rapid contraction reflects a highly sensitive market—one likely linked to regional employment or energy-sector instability.
Jal – Oil Boomtown on the Edge of the Permian
Jal is a small town in southeastern New Mexico’s Lea County, right along the Texas border and deeply embedded in the Permian Basin oilfields. Like nearby Eunice, Jal’s fortunes rise and fall with the price of oil. Housing demand here often fluctuates based on drilling activity and transient labor, which helps explain the dramatic price swings in recent years. The steep decline since 2022 coincided with a slowdown in oil production and job cuts across the basin. In towns like Jal, those changes ripple through the housing market almost immediately.
Still, for those who live and work in the area full-time, Jal provides affordable access to jobs in one of the country’s most productive energy regions. It has basic services, local schools, and a community shaped by industry and resilience. While speculation has likely played a role in recent price movement, the 2025 average of $141,432 brings home values back within reach for permanent residents. Buyers looking for affordability near oil opportunities—or those who anticipate a rebound in drilling—may find Jal’s current price point a compelling entry.
7. Portales – 10.2% Home Price Decrease Since 2010
- 2010: $157,105
- 2011: $151,954 (-$5,152, -3.28% from previous year)
- 2012: $153,253 (+$1,299, +0.86% from previous year)
- 2013: $144,072 (-$9,181, -5.99% from previous year)
- 2014: $148,117 (+$4,046, +2.81% from previous year)
- 2015: $156,120 (+$8,003, +5.40% from previous year)
- 2016: $131,190 (-$24,930, -15.97% from previous year)
- 2017: $121,360 (-$9,829, -7.49% from previous year)
- 2018: $127,394 (+$6,034, +4.97% from previous year)
- 2019: $133,021 (+$5,627, +4.42% from previous year)
- 2020: $134,302 (+$1,280, +0.96% from previous year)
- 2021: $133,489 (-$813, -0.61% from previous year)
- 2022: $136,604 (+$3,115, +2.33% from previous year)
- 2023: $139,362 (+$2,758, +2.02% from previous year)
- 2024: $144,143 (+$4,781, +3.43% from previous year)
- 2025: $140,964 (-$3,179, -2.21% from previous year)
Portales has seen a slow decline in home values over the past 15 years, with prices falling around 10% since 2010. Much of the drop occurred in the mid-2010s, followed by modest recovery through 2024. However, 2025 brought another small dip, leaving average values around $141,000. Despite the ups and downs, Portales has maintained relative stability without extreme fluctuations.
Portales – College Town with Agricultural Roots
Portales, the seat of Roosevelt County, blends small-town charm with educational influence thanks to Eastern New Mexico University. The presence of the university brings a youthful population and cultural activity to what is otherwise a deeply agricultural town. Dairy and peanut farming continue to shape the local economy, and the town supports a mix of working families, students, and long-time residents. The result is a unique community that feels both rural and energetic—especially during the academic year.
6. Clayton – 58.7% Home Price Increase Since 2016
- 2010: N/A
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- 2015: N/A
- 2016: $71,017
- 2017: $82,235 (+$11,218, +15.80% from previous year)
- 2018: $95,758 (+$13,523, +16.44% from previous year)
- 2019: $84,305 (-$11,453, -11.96% from previous year)
- 2020: $83,014 (-$1,291, -1.53% from previous year)
- 2021: $94,596 (+$11,582, +13.95% from previous year)
- 2022: $96,149 (+$1,552, +1.64% from previous year)
- 2023: $99,538 (+$3,390, +3.53% from previous year)
- 2024: $109,534 (+$9,996, +10.04% from previous year)
- 2025: $112,744 (+$3,210, +2.93% from previous year)
Clayton has posted one of the more robust growth stories in this affordability ranking, with home prices rising nearly 59% since 2016. The early years of that stretch were particularly strong, with double-digit gains in both 2017 and 2018. After a modest dip in 2019 and 2020, the market regained momentum, especially from 2021 through 2025. Today, home values in Clayton hover around $113,000—still accessible, but much higher than they were just a few years ago.
Clayton – Historic Crossroads with Steady Price Momentum
Clayton, the seat of Union County in northeastern New Mexico, sits at the intersection of major highways and regional history. Known historically as a cattle-shipping hub, its location near the Oklahoma and Texas panhandles gives it the feel of a central gateway between the Southwest and the Great Plains. Today, its rural charm and sense of frontier independence remain intact. The town has preserved many of its historical structures, including the Eklund Hotel and Herzstein Memorial Museum, which reflect its Wild West roots. Despite its small size, Clayton continues to serve as a commercial center for surrounding ranching and agricultural communities, which brings a steady flow of regional visitors and economic activity that supports local businesses year-round.
Housing in Clayton reflects both its economic stability and rural location. Many homes date back to the early- to mid-20th century, offering character and space at a fraction of big-city prices. The recent appreciation in values may be tied to increased demand from remote workers, retirees, or even investors seeking rental opportunities near the highway corridor. Local schools, access to basic health care, and the presence of recreational opportunities—like nearby Clayton Lake State Park and Capulin Volcano—add to its appeal. While it may not be growing fast in population, the town’s ability to attract and retain residents has helped fuel a slow but confident rise in housing demand and values. At just over $112,000 in 2025, Clayton still represents great value for buyers looking for long-term affordability with regional connectivity and a taste of New Mexico history.
5. Hurley – 37.5% Home Price Increase Since 2016
- 2010: N/A
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- 2015: N/A
- 2016: $80,763
- 2017: $71,627 (-$9,136, -11.31% from previous year)
- 2018: $76,774 (+$5,147, +7.19% from previous year)
- 2019: $80,124 (+$3,350, +4.36% from previous year)
- 2020: $76,875 (-$3,250, -4.06% from previous year)
- 2021: $95,073 (+$18,199, +23.67% from previous year)
- 2022: $113,019 (+$17,946, +18.88% from previous year)
- 2023: $125,711 (+$12,692, +11.23% from previous year)
- 2024: $126,653 (+$942, +0.75% from previous year)
- 2025: $111,084 (-$15,569, -12.29% from previous year)
Hurley saw its home prices rise over 37% between 2016 and 2025, although recent years have brought some volatility. The sharpest increases occurred between 2020 and 2023, when values rose dramatically, peaking at more than $125,000. But 2025 brought a notable drop of over 12%, bringing average values down to $111,084. Despite this correction, Hurley still remains significantly more expensive than it was just five years ago, signaling a broader market shift that may have legs beyond this dip.
Hurley – Mining Roots and Affordable Living in the Southwest
Hurley is a small town in Grant County, located just a few miles south of Silver City and close to the open-pit copper mine that once defined the local economy. Though mining no longer dominates the way it did in the past, its legacy is visible throughout the town—from the street grid laid out for workers to the modest bungalows built during mid-century booms. Hurley remains tightly knit and affordable, a place where longtime residents and new arrivals alike appreciate the quiet pace, sunny weather, and desert views. While the economy has shifted toward service and retail in recent decades, the area’s mining infrastructure continues to shape its identity and economy in subtle ways.
For buyers, Hurley offers small-town affordability near a more bustling neighbor, Silver City. Many residents commute between the two towns, taking advantage of Silver City’s larger school system, shopping, and health care while enjoying Hurley’s cheaper cost of living. The housing stock is a mix of vintage single-family homes and simple ranch styles, many on generously sized lots. While the dip in 2025 may raise some eyebrows, it also signals a potential buying opportunity for those priced out of nearby towns. The community remains close-knit and safe, and for under $112,000, buyers can still get substantial value in a market that has already demonstrated its ability to grow—and grow quickly when conditions are right.
4. Bayard – 84.1% Home Price Increase Since 2016
- 2010: N/A
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- 2012: N/A
- 2013: N/A
- 2014: N/A
- 2015: N/A
- 2016: $54,896
- 2017: $61,584 (+$6,687, +12.18% from previous year)
- 2018: $69,303 (+$7,720, +12.54% from previous year)
- 2019: $78,507 (+$9,204, +13.28% from previous year)
- 2020: $77,110 (-$1,398, -1.78% from previous year)
- 2021: $97,248 (+$20,139, +26.12% from previous year)
- 2022: $110,564 (+$13,315, +13.69% from previous year)
- 2023: $121,613 (+$11,049, +9.99% from previous year)
- 2024: $112,722 (-$8,891, -7.31% from previous year)
- 2025: $101,093 (-$11,629, -10.32% from previous year)
Bayard’s housing market experienced extraordinary growth from 2016 through 2023, with home prices climbing more than 120% during that period. Though the last two years brought price declines—dropping the average from over $121,000 in 2023 to $101,093 in 2025—the town still maintains an 84% increase over 2016 levels. The recent dip may signal a market correction following a period of rapid appreciation, but long-term trends remain positive.
Bayard – Mining Legacy and Quiet Mountain Living
Bayard sits in the heart of Grant County in southwestern New Mexico, closely tied to the region’s rich copper mining history. The town developed as a support hub for the nearby Chino Mine and still retains the visual and cultural character of a working-class mining town. Rows of modest, early-20th-century homes, wide streets, and a backdrop of desert hills give Bayard a timeless feel. Though mining activity has slowed, it continues to influence employment and local infrastructure. Today, Bayard appeals to residents who appreciate its close proximity to the Gila National Forest and the quiet lifestyle that comes with small-town living in the high desert.
Buyers considering Bayard will find a market in transition. Many homes are older but well-built, offering significant value for the price. The town’s affordability—just over $100,000 on average—makes it attractive to retirees, working families, and newcomers priced out of Silver City, just 10 miles away. Recreational opportunities nearby are abundant, with hiking, birdwatching, and mountain biking all easily accessible. Although prices fell in 2024 and 2025, Bayard remains one of the most affordable places in the region, and its longer-term price trajectory suggests it may continue to appreciate in the years ahead.
3. Santa Clara – 21.9% Home Price Decrease Since 2021
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- 2020: N/A
- 2021: $123,594
- 2022: $120,831 (-$2,763, -2.24% from previous year)
- 2023: $115,302 (-$5,529, -4.58% from previous year)
- 2024: $116,963 (+$1,661, +1.44% from previous year)
- 2025: $96,378 (-$20,585, -17.60% from previous year)
Home prices in Santa Clara have declined by nearly 22% since 2021, with the bulk of that drop coming in 2025. After a small rebound in 2024, the market took a sharp downturn, bringing prices under $100,000 for the first time in four years. While concerning in the short term, this could reflect broader regional trends rather than town-specific issues. For buyers, Santa Clara now offers a steep discount relative to recent highs.
Santa Clara – Small Town Spirit Near Silver City
Santa Clara is a village in Grant County that sits just east of Bayard and about 10 minutes from Silver City. Like its neighbors, it has roots in the mining economy but has evolved into a quiet residential community with a strong sense of local identity. With a population of just over 1,500, the town prides itself on being friendly, welcoming, and safe. Though commercial development is minimal, essential services and schools are located nearby, and the area offers convenient access to U.S. Route 180 and natural sites like Fort Bayard and the Gila Wilderness.
Real estate in Santa Clara consists mainly of modest homes built between the 1950s and 1970s, many of which have been passed down through generations. Prices remain among the lowest in the region, and with the 2025 drop, buyers may find motivated sellers and solid deals. The town also benefits from its proximity to Silver City’s job market, hospitals, and university, making it suitable for commuters. While the housing market has cooled recently, Santa Clara’s livability and location suggest its downturn may be temporary—especially for those who value peace and low costs above all.
2. Fort Sumner – 19.6% Home Price Decrease Since 2022
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- 2022: $114,473
- 2023: $109,586 (-$4,888, -4.27% from previous year)
- 2024: $89,175 (-$20,410, -18.62% from previous year)
- 2025: $92,088 (+$2,913, +3.27% from previous year)
Fort Sumner has seen home prices fall by nearly 20% since 2022, though the latest data suggests some stabilization in 2025. After a sharp $20,000 drop in 2024, the town recovered slightly the following year. With average home prices now around $92,000, Fort Sumner offers one of the lowest cost entry points for homebuyers anywhere in the state.
Fort Sumner – Historic Stop with Modern-Day Affordability
Located in De Baca County in eastern New Mexico, Fort Sumner is best known for its connection to Old West history—specifically as the final resting place of Billy the Kid. It’s a rural town with fewer than 1,000 residents, offering a tight-knit community, open skies, and a slower pace of life. The Fort Sumner Historic Site and Bosque Redondo Memorial attract a modest stream of tourism, which helps sustain some local businesses. But the real appeal for residents is the affordability and quiet that comes with living far from urban sprawl.
Homes in Fort Sumner are typically simple, single-story structures on large lots, and the town’s zoning encourages wide spacing between properties. Residents enjoy basic services, public schools, and proximity to the Pecos River, which supports limited agriculture and recreation. With average home values under $100,000 in 2025, Fort Sumner is one of the most budget-friendly markets in New Mexico. While opportunities may be limited, for buyers who want a low cost of ownership and value a historic, peaceful setting, Fort Sumner delivers.
1. Tucumcari – 25.3% Home Price Increase Since 2011
- 2010: N/A
- 2011: $65,129
- 2012: $65,153 (+$24, +0.04% from previous year)
- 2013: $60,097 (-$5,056, -7.76% from previous year)
- 2014: $63,836 (+$3,740, +6.22% from previous year)
- 2015: $61,206 (-$2,631, -4.12% from previous year)
- 2016: $61,210 (+$5, +0.01% from previous year)
- 2017: $56,508 (-$4,702, -7.68% from previous year)
- 2018: $56,784 (+$276, +0.49% from previous year)
- 2019: $57,606 (+$822, +1.45% from previous year)
- 2020: $60,500 (+$2,894, +5.02% from previous year)
- 2021: $66,311 (+$5,811, +9.60% from previous year)
- 2022: $73,153 (+$6,842, +10.32% from previous year)
- 2023: $75,318 (+$2,166, +2.96% from previous year)
- 2024: $81,288 (+$5,970, +7.93% from previous year)
- 2025: $81,610 (+$322, +0.40% from previous year)
Despite some early volatility, home values in Tucumcari have risen 25% since 2011. Most of that appreciation has occurred since 2020, with a consistent upward trend that continues through 2025. At just over $81,000, it remains one of the most affordable towns in the state, even as it shows signs of gradual price momentum.
Tucumcari – Route 66 Nostalgia with Room to Grow
Tucumcari is one of New Mexico’s most iconic small towns, steeped in Route 66 Americana and retro roadside charm. Located in Quay County in the northeastern part of the state, it was once a bustling stop for travelers crossing the country by car. While the highway’s golden age has long passed, Tucumcari has embraced its vintage identity, preserving neon signs, old-school motels, and mural art that attract tourists and nostalgic road-trippers. This cultural identity, combined with its affordability, has kept the town on the radar for creatives, history buffs, and those looking for a slower lifestyle with character.
Residential life in Tucumcari offers low costs, wide streets, and a surprising range of mid-century and craftsman-style homes. While the job market is limited, the local community college and small-business scene provide some employment opportunities. It’s also a place where remote work has begun to make inroads, allowing newcomers to enjoy rural life while staying connected. With a 2025 home value of just $81,610, Tucumcari stands as the most affordable housing market in New Mexico right now—an appealing prospect for buyers who want history, charm, and space without breaking the bank.
