New Mexico
Ranked #19 of 51 for housing affordability
58Moderate
Median Home Price
🏠$290K
5.7x income
Median Rent
🔑$1K
30.0% rent-burdened
Median Income
💰$51K
Population: 2,113,344
Homeownership
🏡67.5%
2,561 experiencing homelessness
Housing Shortage
📉30,000
units needed
Building Permits (2024)
🔨9,000
Price-to-Income
📊5.7x
Severe Rent Burden
⚠️14.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
Metros in New Mexico
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Albuquerque | 50 | $310K | $1K | $55K | 32.0% |
| Santa Fe | 32 | $520K | $1K | $58K | 33.0% |
Housing Policies
Affordable Housing Actland grant communitieshousing trust fund