State · Sep 2026

New Mexico housing market

The typical home in New Mexico is worth $315,812, up 1.7% from a year ago.

Builders got permits for 5,503 homes from January to August 2026, up 5.6% on the same months of 2025.

New Mexico lost a net 2,267 residents to the rest of the U.S. in the year to July 2025.

The FHFA HPI® (all-transactions) for New Mexico is up 2.1% over the year to Q2 2026. Unemployment was 4.8% in September 2026, up 0.8 points from a year earlier. Employers had 904K payroll jobs in September 2026, up 1.3% from a year earlier.

State · Sep 2026

The latest numbers

Typical home value

$315,812

up 1.7% past 12 mo

Median sale price

$350,541

As of Aug 2026

Typical rent

—

Not published for this level

Homes for sale

8,955

Active listings

Days to pending

Median, listing to contract

Permits YTD

5,503

up 5.6% vs same months last year

Population growth

−0.1%

Past year · pop. 2.1M

Net domestic migration

−2,267

Past year, net moves from elsewhere in the US

FHFA home prices

+2.1%

Past year · Q2 2026

FHFA, past 5 years

+42.6%

Q2 2021 to Q2 2026

Unemployment rate

4.8%

up 0.8 pts vs Sep 2025

Job growth

+1.3%

Past year · 904K jobs in Sep 2026

Typical home value, 24 months

2.8%

Oct 2024Sep 2026

Source: Data Provided by Zillow Group; U.S. Census Bureau, Building Permits Survey; U.S. Census Bureau, Population Estimates · As of Sep 2026

Source: FHFA House Price Index® (All-Transactions, not seasonally adjusted); U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics; U.S. Bureau of Labor Statistics, Current Employment Statistics

BLS figures are not seasonally adjusted; retrieved from BLS.gov Oct 27, 2026. This product uses FHFA data but is neither endorsed nor certified by FHFA. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.

State · Yearly figures

Renters and movers

Fair Market Rent, 2BR

—

HUD sets these for metro areas and counties, not states

Rental vacancy rate

6.8%

up 1.8 pts vs 2023

2024 survey · ±0.9 pts

Net movers

−1,924

People on tax returns filed 2022⁠–⁠23

Income moving in

−$93.1M

Movers' 2022 adjusted gross income, net

Rental vacancy.: Rentals that are empty and for rent, as a share of all rentals, from the Census Bureau's 2024 American Community Survey. A survey estimate, shown with its 90% margin of error; a change smaller than the combined margins is marked not significant.
Movers.: People on tax returns (filers and dependents) who moved in minus those who moved out between the 2022 and 2023 filing seasons, moves within the U.S. only. Income is the movers' adjusted gross income for 2022, from returns filed in 2023. The Census estimate of net domestic migration above covers a different, more recent year.

Source: U.S. Census Bureau, "Tenure" (B25003) and "Vacancy Status" (B25004), American Community Survey 1-Year Estimates; IRS Statistics of Income, U.S. Population Migration Data

Census files accessed Oct 27, 2026. Rental vacancy rates, their margins of error, year-over-year changes and significance tests, and per-resident figures are calculated by Fidelis First from Census Bureau data; the Census Bureau is the source of the original data only. Fidelis First is not affiliated with or endorsed by the Internal Revenue Service.

How it compares

How New Mexico ranks

Each measure next to the national figure, and where New Mexico places among the 51 states and DC.

New Mexico compared with the U.S. and ranked among the 51 states and DC
Measure	New Mexico	U.S.	Rank among the 51 states and DC
Typical home valueZillow ZHVI	$315,812	$366,157	32nd of 51
Home value changePast 12 months	+1.7%	+1.2%	30th of 51
Rental vacancy rateCensus ACS; tightest ranks first	6.8%	5.7%	39th of 51
Days to pendingMedian; fastest ranks first	27 days	27 days	27th of 51
Permits per 1,000 residentsHomes authorized, year to date	2.6	2.8	26th of 51
Permit changeSame months a year earlier	+5.6%	+0.1%	17th of 51
Population growthPast year	−0.1%	+0.5%	48th of 51
Net domestic migrationPer 1,000 residents, past year	−1.1	—	37th of 51
Income moving inNet per resident; Fidelis First calculation from IRS and Census data	−$44	— (Not applicable to the U.S.)	30th of 51
FHFA home price changePast year, FHFA HPI®	+2.1%	+3.0%	42nd of 51
FHFA, past 5 yearsFive-year change, FHFA HPI®	+42.6%	+41.3%	27th of 51
Unemployment rateNot seasonally adjusted; lowest ranks first	4.8%	4.0%	47th of 51
Job growthNonfarm payroll jobs, past 12 months	+1.3%	+0.3%	7th of 51

Source: Data Provided by Zillow Group; U.S. Census Bureau, Building Permits Survey; U.S. Census Bureau, Population Estimates · As of Sep 2026

FHFA figures are for Q2 2026. BLS unemployment is for Sep 2026 and jobs for Sep 2026, not seasonally adjusted; the U.S. figures beside them are for the same months. BLS data retrieved from BLS.gov Oct 27, 2026. This product uses FHFA data but is neither endorsed nor certified by FHFA. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.

Source: U.S. Census Bureau, "Tenure" (B25003) and "Vacancy Status" (B25004), American Community Survey 1-Year Estimates; IRS Statistics of Income, U.S. Population Migration Data

Rental vacancy is from the 2024 American Community Survey. Income moving in is movers' net adjusted gross income for 2022 (IRS returns filed in 2023), divided by the latest Census population estimate (July 1, 2025); a Fidelis First calculation. Rental vacancy rates, their margins of error, year-over-year changes and significance tests, and per-resident figures are calculated by Fidelis First from Census Bureau data; the Census Bureau is the source of the original data only. Fidelis First is not affiliated with or endorsed by the Internal Revenue Service.

Metro areas