Clovis, NM Housing Market
AI-powered market intelligence for the Clovis, NM metro area.
PropertyIQ Scores
Clovis, NM Market Analysis
Market Overview
Clovis, NM’s PropertyIQ Score of 58 out of 100 places it in a moderate market position. The local median home value of $162,155 is well below the state average of $318,241, which may signal relative affordability, while the rent index of $1,270 sits above the state average of $1,067. The unemployment rate of 4.8% matches the state benchmark exactly. Median household income in Clovis is $55,690, below the state average of $64,059, which tempers the affordability advantage of lower home prices.
The score’s top drivers paint a picture of a market with limited price momentum: 12-month home value momentum of 1.78%, 3-month momentum of 0.32%, a median days on market of 60 days, and a 14.2% share of listings with a price cut. These figures suggest a steady but not overheated environment. Buyers and renters face a market where home values are low relative to state norms, but rents are comparatively strong, which can create interesting trade-offs depending on whether someone is looking to buy as a primary residence or invest for cash flow.
Key Trends
One clear trend is nearly flat home value growth. The 12-month home value momentum of 1.78% and 3-month momentum of 0.32%, combined with a reported year-over-year home value change of just $2, indicate that prices are not rising quickly. While Clovis remains much more affordable than the state median home value of $318,241, that gap has not been closing at a meaningful pace.
A second trend is the relative strength of the rental market. Clovis’s rent index of $1,270 exceeds the state average of $1,067 by $203. This is notable because the median home value is about half the state average, meaning rents are above the state benchmark even as purchase prices remain well below it. That combination may point to steady rental demand or limited rental supply relative to local needs.
A third trend is the pace of sales and seller behavior. With 251 homes for sale, a median of 60 days on market, and 14.2% of listings showing a price cut, the data suggests buyers have some negotiating room. Properties are not moving exceptionally fast, and sellers are adjusting prices to attract offers. This contributes to the moderate PropertyIQ Score of 58.
Finally, affordability is mixed. The median household income of $55,690 is below the state average of $64,059, but the median home value of $162,155 is far below the state average of $318,241. In practical terms, the lower home price may keep ownership within reach for local buyers, though lower incomes still limit how much household budgets can stretch.
Who Is This Market For
This market may suit first-time buyers and budget-conscious owner-occupants. A median home value of $162,155 is substantially lower than the state average, which can make entry into homeownership more attainable. However, with a median household income of $55,690, local buyers may still need to be careful with monthly payments, especially since the rent index of $1,270 suggests housing costs are not uniformly low across the market.
Investors may also find Clovis interesting because rents are above the state average while home values are well below it. That combination can support rental income strategies, particularly for those focused on cash flow rather than rapid appreciation. Still, investors should account for the 60-day median time on market and the 14.2% share of listings with price cuts, which indicate that resale may require patience and realistic pricing.
Move-up buyers may find opportunities in a market with measurable price cuts and a steady supply of listings, but the weak home value momentum does not point to rapid equity gains. For anyone evaluating demographic tailwinds, the data does not include population growth, so that factor remains unclear.
Outlook
The near-term outlook appears stable but muted. With 12-month home value momentum at 1.78%, 3-month momentum at 0.32%, and a year-over-year home value change of $2, there is little in the data to suggest accelerating price appreciation. A median of 60 days on market and a 14.2% share of listings with price cuts point to a market that continues to require realistic pricing from sellers. Rental demand may remain a relative bright spot given Clovis’s rent index of $1,270, which exceeds the state average of $1,067. Unemployment at 4.8% matching the state average provides some stability, but missing population growth data limits any assessment of long-term demand. Overall, the numbers support a moderate market that may reward patient buyers and income-focused investors more than those seeking rapid appreciation.
AI-generated analysis based on current market data. Last updated October 2, 2026.
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Clovis, NM market data
Clovis, NM Housing Market Overview
Clovis, NM's median home value is $162K, up 1.8% over the past year. Homes here sell in a median 60 days. Its PropertyIQ Score of 58 sits right around the state average of 50.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Clovis, NM area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across NM and every other US state.
Mountain West markets combine outdoor lifestyle appeal with booming tech and remote-work migration. Cities across Colorado, Utah, Arizona, and Nevada have experienced some of the nation's fastest appreciation, though rising interest rates have introduced new dynamics to these previously red-hot markets. Within the Mountain West, Clovis, NM's PropertyIQ Score of 58 tracks near the Mountain West norm.
For the Clovis, NM market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 1.8% over the past year.
Explore the interactive map to see how Clovis, NM compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Clovis, NM metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Clovis, NM a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Clovis, NM currently scores 58, a steady-momentum reading that leaves it tracking close to its state average. For buyers, a balanced market means neither side holds a decisive edge, giving you time to shop carefully without racing the clock. Backing that up, the median home value here is $162K, up 1.8% over the past year. So whether Clovis, NM is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Clovis, NM?
Clovis, NM's PropertyIQ Score is 58, indicating steady momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 58 places Clovis, NM above its state benchmark.
Are home prices in Clovis, NM rising or falling?
Home prices in Clovis, NM are rising. Over the past year, the median home value increased 1.8%, reaching $162K. Over the latest three months, values moved up 0.3%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Clovis, NM's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Clovis, NM?
In Clovis, NM, homes sell in a median of 60 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 14% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Clovis, NM market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.