De Baca County, New Mexico Housing Market Prices
De Baca 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 36% below the New Mexico median Cheaper than 81% of counties in New Mexico$129,686
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Median rent 64% below the New Mexico median Cheapest county in New Mexico$386
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | De Baca County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,686 | $204,122 | $248,835 |
| Price Trend (Annual %) | -13.5% | 3.1% | 7.5% |
| Median Gross Rent | $386 | $1,067 | $1,407 |
| Rent Trend (Annual %) | -2.8% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in De Baca County is about 36% lower than in New Mexico. Rent is about 64% lower than the New Mexico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2017
Median Rent Prices, 2015-2024
Both home prices and rent are falling in De Baca County, down about 13.5% and 2.8% a year respectively. Home prices are changing faster.
Median rent in De Baca County fell about 1.7% between 2015 and 2024, from $392 to $386. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in De Baca County.
Buying the median-priced home in De Baca County costs roughly 28.0 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 De Baca County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | De Baca County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,686 | $204,122 | $248,835 |
| Median Household Income | $46,907 | $64,523 | $80,455 |
| Price-to-Income Ratio | 2.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2017, the median home price in De Baca County fell about 11.9%, while median household income rose about 40.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | De Baca County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.5% | 61.3% | 58.5% |
| Rental Rate | 18.6% | 26.2% | 31.2% |
| Vacancy Rate | 34.9% | 12.5% | 10.2% |
| Median Tenure (years) | 23.0 | 16.0 | 15.0 |
| Median Year Moved In | 2003 | 2010 | 2011 |
De Baca County has a homeownership rate of 46.5%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 34.9%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | De Baca County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.90 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1982 | 1983 | 1978 |
| Median Number of Rooms | 6.1 | 5.3 | 5.5 |
The typical housing unit in De Baca County was built around 1982. On average, 1.9 people live in a home with about 6.1 rooms, staying for about 23.0 years on average.
De Baca County, NM Housing Compared With Nearby Counties
How De Baca County, NM compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| De Baca County, NM | 1,576 | $129,686 #3/3 | $386 #3/3 | 71.5% #1/3 |
| Chaves County, NM | 64,216 | $194,644 | $867 | 71.3% |
| Curry County, NM | 47,638 | $162,638 | $1,024 | 62.7% |
Frequently Asked Questions
Common questions about the housing market in De Baca County, New Mexico.
What is the median home price in De Baca County, New Mexico?
The median home price in De Baca County, New Mexico is $129,686, lower than the New Mexico average of $204,122.
What is the average home price in De Baca County, New Mexico?
The typical home price in De Baca County, New Mexico, reported as the median sale price, is $129,686. 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 De Baca County, New Mexico?
The median gross rent in De Baca County, New Mexico is $386 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in De Baca County in 2020?
In 2020, the median gross rent in De Baca County, New Mexico was $616 per month.
What is the price-to-rent ratio in De Baca County, New Mexico?
The price-to-rent ratio in De Baca County, New Mexico is about 28.0, meaning it would take roughly 28.0 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 De Baca County.
Are home prices or rent rising faster in De Baca County, New Mexico?
Both home prices and rent are falling in De Baca County, down about 13.5% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in De Baca County, New Mexico?
46.5% of households in De Baca County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in De Baca County, New Mexico?
The housing vacancy rate in De Baca County, New Mexico is 34.9%, higher than the New Mexico average of 12.5%.
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