7 Most Inexpensive Locations to Reside in New Mexico in 2025

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 dwell. Should you’re contemplating residing someplace in New Mexico then chances are high you even have a funds you’re hoping to remain beneath in your house or house search. As of April, the median house sale value in New Mexico is $357,400. 

If that value doesn’t match into your funds, don’t fear. Redfin has collected 7 of essentially the most reasonably priced locations to dwell in New Mexico. And the very best half is that all of them have a median house sale value beneath $357,400. From Roswell to Las Cruces, study what cities are on the checklist.

#1: Roswell

Median house value: $170,000Median family revenue: $45,493 Nearest main metro: Lubbock, TX (175 miles)Roswell, NM properties for saleRoswell, NM residences for hire

With a median house sale value of $170,000, Roswell takes the primary spot on our checklist of reasonably priced locations to dwell in New Mexico. There are about 48,400 residents residing on this mid-sized metropolis positioned within the Southeastern portion of the state. Residing in Roswell, you’ll be able to 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 Up to date Artwork, or go to Bitter Lake Nationwide Wildlife Refuge.

#2: Clovis

Median house value: $199,250Average hire for a 1-bedroom house: $1,046Median family revenue: $52,983Nearest main metro: Lubbock, TX (100 miles)Clovis, NM properties for saleClovis, NM residences for hire

The second metropolis on our checklist is Clovis, house to about 37,600 residents. Positioned on the japanese portion of the state, close to the New Mexico-Texas border, Clovis is an enthralling metropolis to name house. In Clovis, you’ll be able to discover the Hillcrest Park Zoo, take a look at the Cannon AFB Customer Heart, and wander via the quaint downtown the place you’ll discover native outlets and markets.

#3: Farmington

Median house value: $269,000Average hire for a 1-bedroom house: $815 Median family revenue: $56,576 Nearest main metro: Albuquerque (185 miles)Farmington, NM properties for saleFarmington, NM residences for hire

Farmington is available in as the subsequent most reasonably priced metropolis to dwell in New Mexico. It’s about 185 miles from the closest main metro, Albuquerque, however is simply about 52 miles from Durango, CO. When residing on this metropolis of 46,600 folks, you’ll be able to spend the day at Lake Farmington, go to the Farmington Museum the place you’ll be able to study concerning the native historical past, and stroll alongside the Animas River Stroll.

#4: South Valley

Median house value: $290,000Average sale value per sq. foot: $209Median family revenue: $44,670Nearest main metro: Albuquerque (7 miles)South Valley, NM properties for saleSouth Valley, NM residences for hire

Fourth on our checklist 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’ll be able to discover the Valle de Oro Nationwide Wildlife Refuge, with over 570 acres of protected land, wildlife, and trails alongside the Rio Grande. You too can go to the Gutierrez-Hubbell Home, an adobe house relationship again to the 1860s. 

#5: Las Cruces

Median house value: $315,000Average hire for a 1-bedroom house: $1,002 Median family revenue: $45,140 Nearest main metro: Albuquerque (225 miles)Las Cruces, NM properties for saleLas Cruces, NM residences for hire

Fifth is Las Cruces, the place about 111,400 residents at the moment dwell. The median house sale value is $315,000 which is about $40K lower than the median house sale value in New Mexico. If you end up transferring to this reasonably priced metropolis, ensure that to hike via 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 dwell in New Mexico.

#6: Hobbs

Median house value: $322,000Average hire for a 1-bedroom house: $1,190Median family revenue: $63,804Nearest main metro: Midland, TX (95 miles)Hobbs, NM properties for saleHobbs, NM residences for hire

Subsequent up on our checklist of reasonably priced locations to dwell in New Mexico is Hobbs. With a median house sale value of $322,000 and about 39,300 residents, Hobbs is an superior place to name house in japanese New Mexico. Hobbs is house 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 house value: $346,000 Common sale value per sq. foot: $211Average hire for a 1-bedroom house: $1,324 Median family revenue: $56,576 Nearest main metro: Santa Fe (65 miles)Albuquerque, NM properties for saleAlbuquerque, NM residences for hire

Taking the ultimate spot is none apart from Albuquerque. With roughly 564,600 residents in Albuquerque, ensure that to discover Previous City Albuquerque, the historic coronary heart of the town, the place you’ll discover adobe buildings, outlets, galleries, and eating places or go to the annual Albuquerque Worldwide Balloon Fiesta. You too can take a look at the Indian Pueblo Cultural Heart, and journey 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: Common Albuquerque, NM, Neighborhoods to Reside in

Methodology: All cities should have over 35,000 residents per the US Census and have a median house sale value beneath the typical median house sale value in New Mexico. Median house sale value and median sale value per sq. foot from the Redfin Information Heart throughout April 2025. Common rental knowledge from Lease.com April 2025. Inhabitants and median family revenue knowledge sourced from the US Census Bureau.