McKinley County, New Mexico Housing Market
In McKinley County, New Mexico, the median home value is $78,700, with a median monthly rent of $859. This places McKinley County at #3093 nationally out of 3134 counties by median home value, and #32 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: $730
- Establishments: 1,087
- BLS QCEW, 2025
Migration Patterns
- Inflow: 24,835 (avg $43,244)
- Outflow: 25,447 (avg $42,345)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in McKinley County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 87301 | 198.3 | +4.95% | 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.
How McKinley County Compares
| Metric | McKinley County | New Mexico Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $78,700 | $192,727 | $227,706 |
| Median Gross Rent | $859 | $904 | $968 |
| Owner Occupancy Rate | 69.8% | 74.2% | 73.3% |
| Price/Rent Ratio | 7.6 | 17.7 | 18.7 |
Market Analysis
The median home value in McKinley County is 59.2% below the New Mexico state average and 65.4% below the U.S. national average. The median rent of $859/month is 5.0% below the state average.
With a price-to-rent ratio of 7.6, buying a home in McKinley 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.
McKinley County has an owner-occupancy rate of 69.8%, compared to 74.2% in New Mexico and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Fisher County | Texas | $78,600 | $601 |
| Atkinson County | Georgia | $79,000 | $657 |
| Fulton County | Kentucky | $79,100 | $570 |
| Phillips County | Arkansas | $78,200 | $737 |
| Culberson County | Texas | $79,300 | $1,043 |
Other Counties in New Mexico
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Quay County | $87,200 | $712 | 71.6% |
| Harding County | $70,000 | $1,038 | 76.9% |
| Guadalupe County | $110,000 | $590 | 74.6% |
| Hidalgo County | $111,000 | $814 | 80.8% |
| Mora County | $122,600 | $887 | 86.7% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).