Lincoln County, New Mexico Housing Market
In Lincoln County, New Mexico, the median home value is $233,200, with a median monthly rent of $956. This places Lincoln County at #1042 nationally out of 3134 counties by median home value, and #7 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: $817
- Establishments: 793
- BLS QCEW, 2025
Housing Supply
- Single-family: 111
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,354 (avg $66,875)
- Outflow: 7,559 (avg $63,611)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Lincoln County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 88312 | 273.1 | +11.42% | 2025 |
| 2 | 88345 | 263.8 | -5.79% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lincoln County Compares
| Metric | Lincoln County | New Mexico Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $233,200 | $192,727 | $227,706 |
| Median Gross Rent | $956 | $904 | $968 |
| Owner Occupancy Rate | 76.8% | 74.2% | 73.3% |
| Price/Rent Ratio | 20.3 | 17.7 | 18.7 |
Market Analysis
The median home value in Lincoln County is 21.0% above the New Mexico state average and 2.4% above the U.S. national average. The median rent of $956/month is 5.8% above the state average.
With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lincoln County has an owner-occupancy rate of 76.8%, 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 |
|---|---|---|---|
| Page County | Virginia | $233,200 | $879 |
| Spartanburg County | South Carolina | $233,300 | $1,084 |
| Santa Cruz County | Arizona | $233,000 | $829 |
| Marion County | Iowa | $233,000 | $884 |
| Roane County | Tennessee | $232,900 | $785 |
Other Counties in New Mexico
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Valencia County | $223,000 | $1,015 | 83.2% |
| Rio Arriba County | $243,700 | $740 | 80.0% |
| Doña Ana County | $220,800 | $934 | 65.5% |
| Eddy County | $212,600 | $1,245 | 73.3% |
| San Juan County | $193,800 | $956 | 71.2% |
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).