Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$247,965+3.1% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$53,754About 0.7× the local median income ($75,342): affordable for a typical household
Days on market87 daysSlower than a year ago: buyers have time to negotiate
The typical home in Eddy County, NM is worth $247,965, up 3.1% from a year ago. That is well below what local incomes have historically supported: fair value is about $292,335, so the area is 15.2% undervalued. It is a balanced market: homes take about 87 days to sell, listings are up 41% from a year ago, 14% of listings have had a price cut. A household needs about $53,754 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,342. Typical rent is $1,582 a month. In the latest IRS figures, 106 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$247,965
Change in 1 year
+3.1%
Overvalued %
−15.2%
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Fair home value
$292,335
Change in 5 years
−5.7%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,344
Income needed to afford it
$53,754
Property tax rate
0.52%
Rent and investing
Typical rent
$1,582
Price-to-rent ratio
13.1×
HUD Fair Market Rent, 2 bedrooms
$1,252
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Gross rental yield
7.66%
Cap rate (estimate)
4.98%
Market activity
Listings vs a year ago
+41.3%
Days on market
87
Listings with a price cut
13.8%
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Homes for sale
178
Pending sales per 100 listings
52
Asking price per sq ft
$195
People and jobs
Median household income
$75,342
Population change (1 year)
+1.1%
Unemployment rate
5.5%
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Population
62,509
Income adjusted for cost of living
$87,709
Net moves in (IRS)
+106
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
83.7
Unhealthy air days a year
25
Show 4 more
Flood risk score
90.7
Wildfire risk score
88.5
Walkability (1 to 20)
7.5
Road, rail and air noise
53 dB
Questions people ask
Is Eddy County, NM overvalued?
Home prices in Eddy County, NM are well below what local incomes have historically supported: fair value is about $292,335, so the area is 15.2% undervalued.
Is Eddy County, NM a buyer's or seller's market?
Eddy County, NM is a balanced market: homes take about 87 days to sell, listings are up 41% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Eddy County, NM?
Home values in Eddy County, NM are up 3.1% over the last year.
How much do you need to earn to buy a home in Eddy County, NM?
A household needs about $53,754 a year to afford the typical home in Eddy County, NM at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,342.