Union County, New Mexico Housing Market
In Union County, New Mexico, the median home value is $122,700, with a median monthly rent of $683. This places Union County at #2584 nationally out of 3134 counties by median home value, and #27 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: $857
- Establishments: 131
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,374 (avg $39,723)
- Outflow: 1,269 (avg $39,608)
- IRS Statistics of Income
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Union County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Union County →How Union County Compares
| Metric | Union County | New Mexico Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $122,700 | $192,727 | $227,706 |
| Median Gross Rent | $683 | $904 | $968 |
| Owner Occupancy Rate | 72.4% | 74.2% | 73.3% |
| Price/Rent Ratio | 15.0 | 17.7 | 18.7 |
Market Analysis
The median home value in Union County is 36.3% below the New Mexico state average and 46.1% below the U.S. national average. The median rent of $683/month is 24.4% below the state average.
With a price-to-rent ratio of 15.0, the buy-vs-rent decision in Union County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Union County has an owner-occupancy rate of 72.4%, 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 |
|---|---|---|---|
| Wilkes County | Georgia | $122,700 | $786 |
| Schleicher County | Texas | $122,700 | $660 |
| Osceola County | Iowa | $122,600 | $797 |
| Marion County | Mississippi | $122,800 | $818 |
| Thayer County | Nebraska | $122,800 | $766 |
Other Counties in New Mexico
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mora County | $122,600 | $887 | 86.7% |
| Cibola County | $125,400 | $759 | 76.1% |
| Luna County | $128,000 | $650 | 70.9% |
| Hidalgo County | $111,000 | $814 | 80.8% |
| Guadalupe County | $110,000 | $590 | 74.6% |
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).