The most affordable cities to buy a house in New Mexico (2026)

Every New Mexico city over 10,000 residents, ranked by the gross household income it takes to buy the typical home: 20% down at 7.03% (30-yr fixed), including New Mexico property tax and insurance. Data through 2026-08.

  1. Portales — typical home $139K, income to buy about $38,000/yr
  2. Deming — typical home $159K, income to buy about $43,000/yr
  3. Clovis — typical home $165K, income to buy about $45,000/yr
  4. Roswell — typical home $177K, income to buy about $48,000/yr
  5. Lovington — typical home $195K, income to buy about $53,000/yr
  6. Hobbs — typical home $217K, income to buy about $59,000/yr
  7. Gallup — typical home $222K, income to buy about $60,000/yr
  8. Alamogordo — typical home $223K, income to buy about $61,000/yr
  9. Sunland Park — typical home $227K, income to buy about $62,000/yr
  10. Chaparral — typical home $229K, income to buy about $62,000/yr
  11. Las Vegas — typical home $238K, income to buy about $65,000/yr
  12. Artesia — typical home $249K, income to buy about $68,000/yr
  13. Carlsbad — typical home $257K, income to buy about $70,000/yr
  14. Farmington — typical home $290K, income to buy about $79,000/yr
  15. Las Cruces — typical home $290K, income to buy about $79,000/yr
  16. Los Lunas — typical home $331K, income to buy about $90,000/yr
  17. Albuquerque — typical home $346K, income to buy about $94,000/yr
  18. Rio Rancho — typical home $361K, income to buy about $98,000/yr
  19. Los Alamos — typical home $581K, income to buy about $158,000/yr
  20. Santa Fe — typical home $581K, income to buy about $158,000/yr

At the other end, New Mexico's priciest markets: Santa Fe ($158,000/yr), Los Alamos ($158,000/yr), Rio Rancho ($98,000/yr), Albuquerque ($94,000/yr), Los Lunas ($90,000/yr).

"Income to buy" holds the typical home's payment inside the 28% lender guideline. Your own verdict depends on savings and debts — open any city and run your numbers, or see the whole country on the affordability map.

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