Land and home values in New Mexico
Across New Mexico's 33 counties, residential land is about $6.43 per sq ft at the state median ($279,960 an acre). The typical home is worth about $254,000 and a 2-bedroom rents for about $1,330 a month. Largest city: Albuquerque; capital: Santa Fe. Values as of October 12, 2026.
Open on the satellite mapState values
| Land: residential | $6.43 | per sq ft |
| Land: residential | $279,960 | per acre |
| Land: quarter-acre lot | $69,990 | 10,890 sq ft |
| Land: farmland | $735 | per acre |
| Home: typical (median) | $254,000 | value |
| Home: entry-level | $184,000 | lower quartile |
| Home: upper-end | $359,000 | upper quartile |
| Build new | $177 | per sq ft, no land |
| Rent: 1-bedroom | $1,100 | per month |
| Rent: 2-bedroom | $1,330 | per month |
| Rent: 3-bedroom | $1,780 | per month |
| Rent: 4-bedroom | $2,060 | per month |
| Gross yield, 2-bed | 6.3% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 33 | $15.80 | $527,000 | $1,740 |
| Upper | 83 | $11.40 | $388,000 | $1,660 |
| Mid | 124 | $9.46 | $296,000 | $1,480 |
| Entry | 105 | $7.12 | $208,000 | $1,370 |
| Small town | 86 | $3.11 | $183,000 | $1,100 |
| Rural | 101 | $5.62 | $239,000 | $1,200 |
| Farmland | 80 | $3.23 | $174,000 | $1,040 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Every county
| County | Setting | Land $/sq ft | Per acre | Typical home | Rent 2-bed |
|---|---|---|---|---|---|
| Los Alamos County | Small town | $18.40 | $801,504 | $532,000 | $1,840 |
| Santa Fe County | Metro core | $12.80 | $557,568 | $463,000 | $1,740 |
| Bernalillo County | Metro core | $10.50 | $457,380 | $320,000 | $1,520 |
| Taos County | Small town | $8.14 | $354,753 | $479,000 | $1,320 |
| Sandoval County | Metro core | $7.28 | $316,943 | $325,000 | $1,780 |
| Rio Arriba County | Small town | $6.37 | $277,564 | $255,000 | $1,160 |
| Lincoln County | Small town | $6.00 | $261,142 | $233,000 | $1,040 |
| Valencia County | Suburban | $5.89 | $256,656 | $257,000 | $1,330 |
| San Miguel County | Small town | $5.43 | $236,618 | $197,000 | $1,010 |
| Doña Ana County | Metro core | $5.21 | $226,948 | $229,000 | $1,140 |
| McKinley County | Small town | $5.15 | $224,160 | $86,800 | $1,090 |
| San Juan County | Metro core | $4.96 | $216,232 | $233,000 | $1,080 |
| Sierra County | Rural | $4.12 | $179,511 | $174,000 | $1,040 |
| Otero County | Small town | $3.75 | $163,524 | $180,000 | $970 |
| Colfax County | Rural | $3.75 | $163,481 | $285,000 | $1,140 |
| Socorro County | Rural | $3.68 | $160,388 | $134,000 | $970 |
| Grant County | Small town | $3.64 | $158,515 | $186,000 | $1,050 |
| Torrance County | Suburban | $3.42 | $148,932 | $190,000 | $1,240 |
| Eddy County | Small town | $3.28 | $143,051 | $226,000 | $1,160 |
| Catron County | Rural | $3.23 | $140,612 | $295,000 | $1,040 |
| Luna County | Small town | $3.23 | $140,525 | $151,000 | $1,020 |
| Cibola County | Rural | $3.01 | $131,159 | $156,000 | $995 |
| Lea County | Small town | $2.38 | $103,499 | $199,000 | $1,340 |
| De Baca County | Rural | $2.33 | $101,669 | $204,000 | $970 |
| Chaves County | Small town | $2.19 | $95,571 | $157,000 | $1,120 |
| Roosevelt County | Small town | $2.19 | $95,484 | $160,000 | $1,040 |
| Curry County | Small town | $1.72 | $74,705 | $153,000 | $1,080 |
| Mora County | Small town | $1.26 | $54,755 | $131,000 | $975 |
| Union County | Rural | $1.15 | $50,225 | $134,000 | $980 |
| Guadalupe County | Rural | $1.10 | $48,047 | $120,000 | $895 |
| Quay County | Rural | $0.98 | $42,515 | $116,000 | $1,440 |
| Hidalgo County | Rural | $0.86 | $37,679 | $93,900 | $1,010 |
| Harding County | Rural | $0.58 | $25,439 | $76,300 | $1,180 |
Questions people ask
How much is land worth in New Mexico?
Residential land in New Mexico is about $6.43 per square foot, or $279,960 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $69,990. Smaller lots sell for more per square foot and large tracts for less.
Where is land most expensive in New Mexico?
The highest county medians for residential land are Los Alamos County ($18.40 per sq ft), Santa Fe County ($12.80 per sq ft), Bernalillo County ($10.50 per sq ft), Taos County ($8.14 per sq ft).
Where is land cheapest in New Mexico?
The lowest county medians are Harding County ($0.58 per sq ft), Hidalgo County ($0.86 per sq ft), Quay County ($0.98 per sq ft), Guadalupe County ($1.10 per sq ft); farmland and remote acreage are cheaper still.
What is the typical home value in New Mexico?
The typical (median) home in New Mexico is worth about $254,000, with entry-level homes around $184,000 and upper-end homes around $359,000, as of October 2026.
How much is rent in New Mexico?
A 2-bedroom rents for about $1,330 a month in New Mexico, a 1-bedroom about $1,100 and a 3-bedroom about $1,780 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in New Mexico?
Farmland averages about $735 an acre in New Mexico (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.