Lincoln County, New Mexico Housing Market Prices
Lincoln 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 13% above the New Mexico median More expensive than 72% of counties in New Mexico$230,925
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Median rent 10% below the New Mexico median$956
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lincoln County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,925 | $204,122 | $248,835 |
| Price Trend (Annual %) | 6.0% | 3.1% | 7.5% |
| Median Gross Rent | $956 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lincoln County is about 13% higher than in New Mexico. Rent is about 10% 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 Lincoln County, up about 6.0% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Lincoln County rose about 26.4% between 2015 and 2024, from $756 to $956. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Lincoln County.
Buying the median-priced home in Lincoln County costs roughly 20.1 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 Lincoln County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Lincoln County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,925 | $204,122 | $248,835 |
| Median Household Income | $53,596 | $64,523 | $80,455 |
| Price-to-Income Ratio | 4.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lincoln County rose about 21.1%, while median household income rose about 14.1% 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 | Lincoln County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.0% | 61.3% | 58.5% |
| Rental Rate | 13.0% | 26.2% | 31.2% |
| Vacancy Rate | 44.0% | 12.5% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Lincoln County has a homeownership rate of 43.0%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 44.0%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Lincoln County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.00 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1987 | 1983 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Lincoln County was built around 1987. On average, 2.0 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Lincoln County, NM Housing Compared With Nearby Counties
Lincoln County, NM is the 3rd largest of the 4 counties compared here, 20,223 residents against a local median of 64,216. Lincoln County, NM's median home price, at $230,925, runs 19% above the $194,644 typical of the counties around it.
The counties themselves sit within $29,412 of each other on median home price, a tighter band than the gap between any of them and Lincoln County, NM, which makes it a genuine outlier here rather than one end of a wide local spread. Lincoln County, NM has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lincoln County, NM | 20,223 | $230,925 #1/4 | $956 #2/4 | 76.8% #2/4 |
| Torrance County, NM | 15,478 | $197,226 | $871 | 81.7% |
| Chaves County, NM | 64,216 | $194,644 | $867 | 71.3% |
| Otero County, NM | 68,816 | $167,814 | $961 | 67.0% |
Frequently Asked Questions
Common questions about the housing market in Lincoln County, New Mexico.
What is the median home price in Lincoln County, New Mexico?
The median home price in Lincoln County, New Mexico is $230,925, higher than the New Mexico average of $204,122.
What is the average home price in Lincoln County, New Mexico?
The typical home price in Lincoln County, New Mexico, reported as the median sale price, is $230,925. 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 Lincoln County, New Mexico?
The median gross rent in Lincoln County, New Mexico is $956 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Lincoln County in 2020?
In 2020, the median gross rent in Lincoln County, New Mexico was $709 per month.
What is the price-to-rent ratio in Lincoln County, New Mexico?
The price-to-rent ratio in Lincoln County, New Mexico is about 20.1, meaning it would take roughly 20.1 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 Lincoln County.
Are home prices or rent rising faster in Lincoln County, New Mexico?
Both home prices and rent are rising in Lincoln County, up about 6.0% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lincoln County, New Mexico?
43.0% of households in Lincoln County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Lincoln County, New Mexico?
The housing vacancy rate in Lincoln County, New Mexico is 44.0%, higher than the New Mexico average of 12.5%.
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