Hidalgo County, New Mexico Housing Market
In Hidalgo County, New Mexico, the median home value is $111,000, with a median monthly rent of $814. This places Hidalgo County at #2782 nationally out of 3134 counties by median home value, and #29 within New Mexico.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $809
- Establishments: 120
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,508 (avg $44,629)
- Outflow: 1,377 (avg $44,397)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hidalgo County Compares
| Metric | Hidalgo County | New Mexico Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $111,000 | $192,727 | $227,706 |
| Median Gross Rent | $814 | $904 | $968 |
| Owner Occupancy Rate | 80.8% | 74.2% | 73.3% |
| Price/Rent Ratio | 11.4 | 17.7 | 18.7 |
Market Analysis
The median home value in Hidalgo County is 42.4% below the New Mexico state average and 51.3% below the U.S. national average. The median rent of $814/month is 10.0% below the state average.
With a price-to-rent ratio of 11.4, buying a home in Hidalgo 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.
Hidalgo County has an owner-occupancy rate of 80.8%, 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 |
|---|---|---|---|
| Kingman County | Kansas | $111,100 | $846 |
| Butler County | Kentucky | $111,100 | $679 |
| Falls County | Texas | $110,900 | $731 |
| Hamilton County | Florida | $111,200 | $724 |
| Issaquena County | Mississippi | $110,800 | $339 |
Other Counties in New Mexico
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Guadalupe County | $110,000 | $590 | 74.6% |
| Mora County | $122,600 | $887 | 86.7% |
| Union County | $122,700 | $683 | 72.4% |
| Cibola County | $125,400 | $759 | 76.1% |
| Luna County | $128,000 | $650 | 70.9% |
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).