Harding County, New Mexico Housing Market Prices
Harding 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 3% above the New Mexico median$210,000
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Median rent 3% below the New Mexico median More expensive than 81% of counties in New Mexico$1,038
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Harding County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $210,000 | $204,122 | $248,835 |
| Price Trend (Annual %) | 82.0% | 3.1% | 7.5% |
| Median Gross Rent | $1,038 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 12.4% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harding County is about 3% higher than in New Mexico. Rent is about 3% lower than the New Mexico average.
Median Home and Rent Price Trends
Median Home Prices, 2020-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Harding County, up about 82.0% and 12.4% a year respectively. Home prices are changing faster.
Median rent in Harding County rose about 56.7% between 2015 and 2024, from $662 to $1,038. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Harding County.
Buying the median-priced home in Harding County costs roughly 16.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Harding County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Harding County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $210,000 | $204,122 | $248,835 |
| Median Household Income | $47,500 | $64,523 | $80,455 |
| Price-to-Income Ratio | 4.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2020 and 2024, the median home price in Harding County rose about 483.3%, while median household income rose about 39.3% 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 | Harding County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.4% | 61.3% | 58.5% |
| Rental Rate | 13.3% | 26.2% | 31.2% |
| Vacancy Rate | 42.3% | 12.5% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Harding County has a homeownership rate of 44.4%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 42.3%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Harding County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1967 | 1983 | 1978 |
| Median Number of Rooms | 5.2 | 5.3 | 5.5 |
The typical housing unit in Harding County was built around 1967. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 19.0 years on average.
Harding County, NM Housing Compared With Nearby Counties
How Harding County, NM compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Harding County, NM | 741 | $210,000 #2/3 | $1,038 #1/3 | 76.9% #1/3 |
| San Miguel County, NM | 26,850 | $69,117 | $823 | 73.1% |
| Colfax County, NM | 12,320 | $364,246 | $728 | 71.8% |
Frequently Asked Questions
Common questions about the housing market in Harding County, New Mexico.
What is the median home price in Harding County, New Mexico?
The median home price in Harding County, New Mexico is $210,000, higher than the New Mexico average of $204,122.
What is the average home price in Harding County, New Mexico?
The typical home price in Harding County, New Mexico, reported as the median sale price, is $210,000. 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 Harding County, New Mexico?
The median gross rent in Harding County, New Mexico is $1,038 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Harding County in 2020?
In 2020, the median gross rent in Harding County, New Mexico was $716 per month.
What is the price-to-rent ratio in Harding County, New Mexico?
The price-to-rent ratio in Harding County, New Mexico is about 16.9, meaning it would take roughly 16.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Harding County.
Are home prices or rent rising faster in Harding County, New Mexico?
Both home prices and rent are rising in Harding County, up about 82.0% and 12.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Harding County, New Mexico?
44.4% of households in Harding County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Harding County, New Mexico?
The housing vacancy rate in Harding County, New Mexico is 42.3%, higher than the New Mexico average of 12.5%.
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