Eddy County, New Mexico Housing Market
In Eddy County, New Mexico, the median home value is $212,600, with a median monthly rent of $1,245. This places Eddy County at #1269 nationally out of 3134 counties by median home value, and #10 within New Mexico.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,536
- Establishments: 1,879
- BLS QCEW, 2025
Housing Supply
- Single-family: 183
- Multi-family: 58
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 21,287 (avg $84,975)
- Outflow: 19,957 (avg $85,887)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Eddy County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 88220 | 313.5 | +5.43% | 2025 |
| 2 | 88210 | 301.8 | +4.93% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Eddy County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Eddy County →How Eddy County Compares
| Metric | Eddy County | New Mexico Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $212,600 | $192,727 | $227,706 |
| Median Gross Rent | $1,245 | $904 | $968 |
| Owner Occupancy Rate | 73.3% | 74.2% | 73.3% |
| Price/Rent Ratio | 14.2 | 17.7 | 18.7 |
Market Analysis
The median home value in Eddy County is 10.3% above the New Mexico state average and 6.6% below the U.S. national average. The median rent of $1,245/month is 37.7% above the state average.
With a price-to-rent ratio of 14.2, buying a home in Eddy County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Eddy County has an owner-occupancy rate of 73.3%, compared to 74.2% in New Mexico and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Saguache County | Colorado | $212,600 | $828 |
| Bradford County | Florida | $212,500 | $863 |
| Shelby County | Indiana | $212,400 | $987 |
| Boone County | Iowa | $212,400 | $845 |
| Amherst County | Virginia | $212,400 | $871 |
Other Counties in New Mexico
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Doña Ana County | $220,800 | $934 | 65.5% |
| Valencia County | $223,000 | $1,015 | 83.2% |
| San Juan County | $193,800 | $956 | 71.2% |
| Lincoln County | $233,200 | $956 | 76.8% |
| San Miguel County | $188,500 | $823 | 73.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).