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 6.66% (30-yr fixed), including New Mexico property tax and insurance. Data through 2026-06.

  1. Portales — typical home $137K, income to buy about $36,000/yr
  2. Deming — typical home $161K, income to buy about $42,000/yr
  3. Clovis — typical home $163K, income to buy about $43,000/yr
  4. Roswell — typical home $176K, income to buy about $46,000/yr
  5. Lovington — typical home $187K, income to buy about $49,000/yr
  6. Chaparral — typical home $216K, income to buy about $57,000/yr
  7. Hobbs — typical home $218K, income to buy about $57,000/yr
  8. Gallup — typical home $223K, income to buy about $59,000/yr
  9. Alamogordo — typical home $224K, income to buy about $59,000/yr
  10. Sunland Park — typical home $227K, income to buy about $60,000/yr
  11. Las Vegas — typical home $242K, income to buy about $64,000/yr
  12. Artesia — typical home $249K, income to buy about $66,000/yr
  13. Carlsbad — typical home $259K, income to buy about $68,000/yr
  14. Farmington — typical home $286K, income to buy about $76,000/yr
  15. Las Cruces — typical home $292K, income to buy about $77,000/yr
  16. Los Lunas — typical home $328K, income to buy about $87,000/yr
  17. Albuquerque — typical home $350K, income to buy about $92,000/yr
  18. Rio Rancho — typical home $366K, income to buy about $96,000/yr
  19. Santa Fe — typical home $590K, income to buy about $156,000/yr
  20. Los Alamos — typical home $593K, income to buy about $157,000/yr

At the other end, New Mexico's priciest markets: Los Alamos ($157,000/yr), Santa Fe ($156,000/yr), Rio Rancho ($96,000/yr), Albuquerque ($92,000/yr), Los Lunas ($87,000/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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