Rio Arriba County, New Mexico Housing Market
In Rio Arriba County, New Mexico, the median home value is $243,700, with a median monthly rent of $740. This places Rio Arriba County at #939 nationally out of 3134 counties by median home value, and #6 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: $963
- Establishments: 745
- BLS QCEW, 2025
Migration Patterns
- Inflow: 14,905 (avg $53,723)
- Outflow: 14,402 (avg $53,021)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Rio Arriba County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 87532 | 226.6 | +7.23% | 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 Rio Arriba County Compares
| Metric | Rio Arriba County | New Mexico Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $243,700 | $192,727 | $227,706 |
| Median Gross Rent | $740 | $904 | $968 |
| Owner Occupancy Rate | 80.0% | 74.2% | 73.3% |
| Price/Rent Ratio | 27.4 | 17.7 | 18.7 |
Market Analysis
The median home value in Rio Arriba County is 26.4% above the New Mexico state average and 7.0% above the U.S. national average. The median rent of $740/month is 18.1% below the state average.
With a price-to-rent ratio of 27.4, Rio Arriba County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Rio Arriba County has an owner-occupancy rate of 80.0%, 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 |
|---|---|---|---|
| DeKalb County | Illinois | $243,600 | $1,049 |
| Smith County | Tennessee | $243,800 | $922 |
| McLennan County | Texas | $243,600 | $1,173 |
| Macomb County | Michigan | $243,900 | $1,211 |
| Jasper County | Georgia | $243,400 | $970 |
Other Counties in New Mexico
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lincoln County | $233,200 | $956 | 76.8% |
| Valencia County | $223,000 | $1,015 | 83.2% |
| Doña Ana County | $220,800 | $934 | 65.5% |
| Eddy County | $212,600 | $1,245 | 73.3% |
| Bernalillo County | $292,900 | $1,144 | 64.5% |
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).