Hidalgo County, New Mexico Housing Market Prices
Hidalgo 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 5% above the New Mexico median$214,994
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Median rent 24% below the New Mexico median$814
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hidalgo County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,994 | $204,122 | $248,835 |
| Price Trend (Annual %) | 54.0% | 3.1% | 7.5% |
| Median Gross Rent | $814 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hidalgo County is about 5% higher than in New Mexico. Rent is about 24% 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 Hidalgo County, up about 54.0% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Hidalgo County rose about 75.8% between 2015 and 2024, from $463 to $814. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Hidalgo County.
Buying the median-priced home in Hidalgo County costs roughly 22.0 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 Hidalgo County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Hidalgo County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $214,994 | $204,122 | $248,835 |
| Median Household Income | $49,202 | $64,523 | $80,455 |
| Price-to-Income Ratio | 4.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hidalgo County rose about 664.2%, while median household income rose about 24.5% 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 | Hidalgo County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.5% | 61.3% | 58.5% |
| Rental Rate | 12.7% | 26.2% | 31.2% |
| Vacancy Rate | 33.8% | 12.5% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Hidalgo County has a homeownership rate of 53.5%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 33.8%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Hidalgo County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1977 | 1983 | 1978 |
| Median Number of Rooms | 5.7 | 5.3 | 5.5 |
The typical housing unit in Hidalgo County was built around 1977. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Hidalgo County, NM Housing Compared With Nearby Counties
Hidalgo County, NM is the smallest of the 5 counties compared here, 4,041 residents against a local median of 33,502. Where Hidalgo County, NM breaks from the counties next to it is median home price, sitting 17% above the local median of $183,865 at $214,994.
The counties themselves spread $150,958 on median home price, so Hidalgo County, NM sits at one end of an already wide local range rather than apart from it. Hidalgo County, NM has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hidalgo County, NM | 4,041 | $214,994 #2/5 | $814 #4/5 | 80.8% #1/5 |
| Grant County, NM | 27,774 | $317,477 | $824 | 75.8% |
| Luna County, NM | 25,611 | $193,882 | $649 | 70.9% |
| Cochise County, AZ | 125,520 | $173,848 | $994 | 71.0% |
| Graham County, AZ | 39,230 | $166,519 | $934 | 73.1% |
Frequently Asked Questions
Common questions about the housing market in Hidalgo County, New Mexico.
What is the median home price in Hidalgo County, New Mexico?
The median home price in Hidalgo County, New Mexico is $214,994, higher than the New Mexico average of $204,122.
What is the average home price in Hidalgo County, New Mexico?
The typical home price in Hidalgo County, New Mexico, reported as the median sale price, is $214,994. 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 Hidalgo County, New Mexico?
The median gross rent in Hidalgo County, New Mexico is $814 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Hidalgo County in 2020?
In 2020, the median gross rent in Hidalgo County, New Mexico was $543 per month.
What is the price-to-rent ratio in Hidalgo County, New Mexico?
The price-to-rent ratio in Hidalgo County, New Mexico is about 22.0, meaning it would take roughly 22.0 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 Hidalgo County.
Are home prices or rent rising faster in Hidalgo County, New Mexico?
Both home prices and rent are rising in Hidalgo County, up about 54.0% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hidalgo County, New Mexico?
53.5% of households in Hidalgo County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Hidalgo County, New Mexico?
The housing vacancy rate in Hidalgo County, New Mexico is 33.8%, higher than the New Mexico average of 12.5%.
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