Catron County, New Mexico Housing Market Prices
Catron County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 184% above the New Mexico median Most expensive county in New Mexico$579,545
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Median rent 31% below the New Mexico median Cheaper than 75% of counties in New Mexico$736
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Catron County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $579,545 | $204,122 | $248,835 |
| Price Trend (Annual %) | 17.2% | 3.1% | 7.5% |
| Median Gross Rent | $736 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Catron County is about 184% higher than in New Mexico. Rent is about 31% lower than the New Mexico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Catron County, up about 17.2% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Catron County rose about 36.4% between 2015 and 2024, from $539 to $736. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 11.6 yearly household incomes in Catron County.
Buying the median-priced home in Catron County costs roughly 65.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Catron County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Catron County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $579,545 | $204,122 | $248,835 |
| Median Household Income | $49,812 | $64,523 | $80,455 |
| Price-to-Income Ratio | 11.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Catron County rose about 150.9%, while median household income rose about 47.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Catron County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.2% | 61.3% | 58.5% |
| Rental Rate | 3.3% | 26.2% | 31.2% |
| Vacancy Rate | 47.5% | 12.5% | 10.2% |
| Median Tenure (years) | 22.0 | 16.0 | 15.0 |
| Median Year Moved In | 2004 | 2010 | 2011 |
Catron County has a homeownership rate of 49.2%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 47.5%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Catron County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.98 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1986 | 1983 | 1978 |
| Median Number of Rooms | 4.4 | 5.3 | 5.5 |
The typical housing unit in Catron County was built around 1986. On average, 2.0 people live in a home with about 4.4 rooms, staying for about 22.0 years on average.
Catron County, NM Housing Compared With Nearby Counties
Catron County, NM is the smallest of the 4 counties compared here, 3,743 residents against a local median of 26,844. Catron County, NM's median home price, at $579,545, runs 160% above the $222,914 typical of the counties around it.
Homeownership tells the same story from another angle: 93.8% against a local median of 75.8%, 24% above it. The one measure here that carries a verdict is homeownership, and at 24% above the local median it puts Catron County, NM at the better end of the local range. The counties themselves sit within $157,060 of each other on median home price, a tighter band than the gap between any of them and Catron County, NM, which makes it a genuine outlier here rather than one end of a wide local spread. Catron County, NM has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Catron County, NM | 3,743 | $579,545 #1/4 | $736 #3/4 | 93.8% #1/4 |
| Cibola County, NM | 26,844 | $160,417 | $759 | 76.1% |
| Grant County, NM | 27,774 | $317,477 | $824 | 75.8% |
| Sierra County, NM | 11,501 | $222,914 | $729 | 71.8% |
Frequently Asked Questions
Common questions about the housing market in Catron County, New Mexico.
What is the median home price in Catron County, New Mexico?
The median home price in Catron County, New Mexico is $579,545, higher than the New Mexico average of $204,122.
What is the average home price in Catron County, New Mexico?
The typical home price in Catron County, New Mexico, reported as the median sale price, is $579,545. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Catron County, New Mexico?
The median gross rent in Catron County, New Mexico is $736 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Catron County in 2020?
In 2020, the median gross rent in Catron County, New Mexico was $720 per month.
What is the price-to-rent ratio in Catron County, New Mexico?
The price-to-rent ratio in Catron County, New Mexico is about 65.7, meaning it would take roughly 65.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Catron County.
Are home prices or rent rising faster in Catron County, New Mexico?
Both home prices and rent are rising in Catron County, up about 17.2% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Catron County, New Mexico?
49.2% of households in Catron County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Catron County, New Mexico?
The housing vacancy rate in Catron County, New Mexico is 47.5%, higher than the New Mexico average of 12.5%.
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