Top New Mexico markets by PropertyIQ Score
Top metros
| # | Market | Score | Grade |
|---|---|---|---|
| 1 | Las Vegas, NM | 93 | A |
| 2 | Farmington, NM | 77 | C+ |
| 3 | Los Alamos, NM | 59 | F |
| 4 | Carlsbad, NM | 58 | F |
| 5 | Espa±ola, NM | 50 | F |
| 6 | Hobbs, NM | 43 | F |
| 7 | Santa Fe, NM | 32 | F |
| 8 | Las Cruces, NM | 32 | F |
| 9 | Albuquerque, NM | 31 | F |
| 10 | Alamogordo, NM | 30 | F |
Top counties
| # | Market | Score | Grade |
|---|---|---|---|
| 1 | De Baca County, NM | 99 | A+ |
| 2 | mora, nm | 92 | A- |
| 3 | harding, nm | 91 | A- |
| 4 | San Miguel County, NM | 89 | B+ |
| 5 | Torrance County, NM | 78 | C+ |
| 6 | San Juan County, NM | 74 | C |
| 7 | Catron County, NM | 67 | D+ |
| 8 | Cibola County, NM | 66 | D |
| 9 | Eddy County, NM | 55 | F |
| 10 | Los Alamos County, NM | 53 | F |
New Mexico Real Estate Market
AI-powered housing market analysis for every metro area and county in New Mexico. Updated monthly with the latest data from Zillow, Redfin, Census, and FRED.
New Mexico Metro Areas
17 metropolitan areas tracked by PropertyIQ in New Mexico
+5 more metro areas in New Mexico tracked by PropertyIQ
New Mexico Counties
33 counties tracked by PropertyIQ in New Mexico
+21 more counties in New Mexico tracked by PropertyIQ
Get AI-Powered Market Analysis
PropertyIQ scores every New Mexico market on 40+ indicators. Sign up free to unlock the full dashboard.
New Mexico Real Estate Market Analysis
New Mexico's real estate market spans a wide range of economic conditions, demographics, and price points. Whether you're a first-time buyer looking for the most affordable New Mexico metros or an investor weighing relative market strength, the PropertyIQ Score gives you a single data-first read — built from Zillow price momentum and Realtor.com market-flow signals, updated monthly — of how each market compares to its state.
New Mexico's housing market centers on Albuquerque's government, military (Kirtland, White Sands), and university employment alongside the Santa Fe premium market driven by arts, government, and tourism. Albuquerque offers cash flow opportunities with gross yields rarely available in comparable-sized metros. PropertyIQ tracks New Mexico's water rights constraints and climate risk factors as long-term market fundamentals for investors with extended hold periods.
View the full PropertyIQ dashboard for any New Mexico market — including its PropertyIQ Score, updated monthly, and the price-momentum and market-flow signals behind it. Compare New Mexico markets against their state benchmark or against each other to identify opportunities aligned with your investment strategy.
New Mexico Metro Areas and ZIP Codes
New Mexico Counties and ZIP Codes
Last updated: 2026-07-20. Data from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA.
Frequently Asked Questions
How many housing markets does PropertyIQ track in New Mexico?
PropertyIQ currently tracks 17 metro areas and 33 counties in New Mexico, each with its own PropertyIQ Score, home value trend, and days on market reading, refreshed monthly.
What does a PropertyIQ Score of 50 mean for a New Mexico market?
A score of 50 marks New Mexico's own state average demand momentum. PropertyIQ computes scores nationally across every US market, then calibrates the scale so a New Mexico market is read against New Mexico's own typical momentum rather than the national average. A market scoring above 50 is positioned to outperform the New Mexico average over the next three years, while one below 50 is positioned to lag it.
Where can I find ZIP code level housing data for New Mexico?
Every metro area and county listed on this page links through to its own ZIP codes, and each ZIP has its own market page with home value, rent, and days on market data. Start from a New Mexico metro or county below, then drill into ZIP codes for the most localized data available.
What data sources does PropertyIQ use for New Mexico market data, and how often is it updated?
PropertyIQ ingests fresh data every month from Zillow home values, Realtor.com days on market and price cut activity, Redfin, the US Census Bureau, FRED, the Bureau of Labor Statistics, and the Bureau of Economic Analysis. Every metro, county, and ZIP page for New Mexico shows a last updated date, and PropertyIQ Scores are recomputed monthly once that new source data lands.
Which New Mexico metro area has the strongest housing demand right now?
As of the latest monthly refresh, Las Vegas, NM has the highest PropertyIQ Score among New Mexico metro areas, indicating the strongest demand momentum in the state relative to its own history. Rankings shift month to month as new home value, days on market, and price cut data arrives, so check back after each monthly update.