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 7.24% (30-yr fixed), including New Mexico property tax and insurance. Data through 2026-09.

  1. Portales — typical home $135K, income to buy about $37,000/yr
  2. Clovis — typical home $163K, income to buy about $45,000/yr
  3. Deming — typical home $166K, income to buy about $46,000/yr
  4. Roswell — typical home $175K, income to buy about $49,000/yr
  5. Lovington — typical home $184K, income to buy about $51,000/yr
  6. Hobbs — typical home $211K, income to buy about $59,000/yr
  7. Gallup — typical home $217K, income to buy about $60,000/yr
  8. Chaparral — typical home $217K, income to buy about $60,000/yr
  9. Alamogordo — typical home $220K, income to buy about $61,000/yr
  10. Sunland Park — typical home $223K, income to buy about $62,000/yr
  11. Las Vegas — typical home $229K, income to buy about $63,000/yr
  12. Artesia — typical home $245K, income to buy about $68,000/yr
  13. Carlsbad — typical home $253K, income to buy about $70,000/yr
  14. Farmington — typical home $283K, income to buy about $78,000/yr
  15. Las Cruces — typical home $287K, income to buy about $80,000/yr
  16. Los Lunas — typical home $331K, income to buy about $92,000/yr
  17. Albuquerque — typical home $344K, income to buy about $95,000/yr
  18. Rio Rancho — typical home $360K, income to buy about $100,000/yr
  19. Santa Fe — typical home $577K, income to buy about $160,000/yr
  20. Los Alamos — typical home $579K, income to buy about $161,000/yr

At the other end, New Mexico's priciest markets: Los Alamos ($161,000/yr), Santa Fe ($160,000/yr), Rio Rancho ($100,000/yr), Albuquerque ($95,000/yr), Los Lunas ($92,000/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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