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 6.76% (30-yr fixed), including New Mexico property tax and insurance. Data through 2026-07.

  1. Portales — typical home $135K, income to buy about $36,000/yr
  2. Clovis — typical home $163K, income to buy about $43,000/yr
  3. Deming — typical home $168K, income to buy about $45,000/yr
  4. Roswell — typical home $178K, income to buy about $47,000/yr
  5. Lovington — typical home $188K, income to buy about $50,000/yr
  6. Chaparral — typical home $215K, income to buy about $57,000/yr
  7. Hobbs — typical home $217K, income to buy about $58,000/yr
  8. Gallup — typical home $220K, income to buy about $59,000/yr
  9. Alamogordo — typical home $222K, income to buy about $59,000/yr
  10. Sunland Park — typical home $225K, income to buy about $60,000/yr
  11. Las Vegas — typical home $238K, income to buy about $63,000/yr
  12. Artesia — typical home $247K, income to buy about $66,000/yr
  13. Carlsbad — typical home $254K, income to buy about $68,000/yr
  14. Farmington — typical home $287K, income to buy about $76,000/yr
  15. Las Cruces — typical home $291K, income to buy about $78,000/yr
  16. Los Lunas — typical home $332K, income to buy about $88,000/yr
  17. Albuquerque — typical home $348K, income to buy about $93,000/yr
  18. Rio Rancho — typical home $364K, income to buy about $97,000/yr
  19. Los Alamos — typical home $588K, income to buy about $157,000/yr
  20. Santa Fe — typical home $591K, income to buy about $157,000/yr

At the other end, New Mexico's priciest markets: Santa Fe ($157,000/yr), Los Alamos ($157,000/yr), Rio Rancho ($97,000/yr), Albuquerque ($93,000/yr), Los Lunas ($88,000/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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