Quay County, New Mexico Housing Market
In Quay County, New Mexico, the median home value is $87,200, with a median monthly rent of $712. This places Quay County at #3038 nationally out of 3134 counties by median home value, and #31 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: $796
- Establishments: 261
- BLS QCEW, 2025
Migration Patterns
- Inflow: 3,223 (avg $44,784)
- Outflow: 2,872 (avg $43,916)
- IRS Statistics of Income
How Quay County Compares
| Metric | Quay County | New Mexico Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $87,200 | $192,727 | $227,706 |
| Median Gross Rent | $712 | $904 | $968 |
| Owner Occupancy Rate | 71.6% | 74.2% | 73.3% |
| Price/Rent Ratio | 10.2 | 17.7 | 18.7 |
Market Analysis
The median home value in Quay County is 54.8% below the New Mexico state average and 61.7% below the U.S. national average. The median rent of $712/month is 21.2% below the state average.
With a price-to-rent ratio of 10.2, buying a home in Quay 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.
Quay County has an owner-occupancy rate of 71.6%, 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 |
|---|---|---|---|
| Martin County | Kentucky | $86,900 | $450 |
| Wilcox County | Georgia | $87,600 | $610 |
| Clark County | Kansas | $87,600 | $789 |
| Taylor County | Georgia | $87,700 | $630 |
| Humphreys County | Mississippi | $87,800 | $641 |
Other Counties in New Mexico
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| McKinley County | $78,700 | $859 | 69.8% |
| 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).