McKinley County, New Mexico Housing Market Prices
McKinley 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 14% below the New Mexico median$174,996
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Median rent 20% below the New Mexico median$858
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McKinley County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,996 | $204,122 | $248,835 |
| Price Trend (Annual %) | 54.1% | 3.1% | 7.5% |
| Median Gross Rent | $858 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McKinley County is about 14% lower than in New Mexico. Rent is about 20% 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 McKinley County, up about 54.1% and 4.0% a year respectively. Home prices are changing faster.
Median rent in McKinley County rose about 42.5% between 2015 and 2024, from $603 to $858. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in McKinley County.
Buying the median-priced home in McKinley County costs roughly 17.0 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 McKinley County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | McKinley County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $174,996 | $204,122 | $248,835 |
| Median Household Income | $47,335 | $64,523 | $80,455 |
| Price-to-Income Ratio | 3.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McKinley County rose about 241.6%, while median household income rose about 36.6% 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 | McKinley County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 61.3% | 58.5% |
| Rental Rate | 25.5% | 26.2% | 31.2% |
| Vacancy Rate | 15.6% | 12.5% | 10.2% |
| Median Tenure (years) | 22.0 | 16.0 | 15.0 |
| Median Year Moved In | 2004 | 2010 | 2011 |
McKinley County has a homeownership rate of 58.9%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 15.6%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | McKinley County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.25 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1984 | 1983 | 1978 |
| Median Number of Rooms | 4.9 | 5.3 | 5.5 |
The typical housing unit in McKinley County was built around 1984. On average, 3.2 people live in a home with about 4.9 rooms, staying for about 22.0 years on average.
McKinley County, NM Housing Compared With Nearby Counties
McKinley County, NM is the 3rd largest of the 4 counties compared here, 70,433 residents against a local median of 121,321. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes McKinley County, NM an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 10% below the local median at $858 against $955. McKinley County, NM has the 3rd highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| McKinley County, NM | 70,433 | $174,996 #2/4 | $858 #3/4 | 69.8% #4/4 |
| Cibola County, NM | 26,844 | $160,417 | $759 | 76.1% |
| San Juan County, NM | 121,321 | $151,599 | $955 | 71.2% |
| Sandoval County, NM | 153,584 | $302,768 | $1,426 | 83.5% |
Frequently Asked Questions
Common questions about the housing market in McKinley County, New Mexico.
What is the median home price in McKinley County, New Mexico?
The median home price in McKinley County, New Mexico is $174,996, lower than the New Mexico average of $204,122.
What is the average home price in McKinley County, New Mexico?
The typical home price in McKinley County, New Mexico, reported as the median sale price, is $174,996. 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 McKinley County, New Mexico?
The median gross rent in McKinley County, New Mexico is $858 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in McKinley County in 2020?
In 2020, the median gross rent in McKinley County, New Mexico was $656 per month.
What is the price-to-rent ratio in McKinley County, New Mexico?
The price-to-rent ratio in McKinley County, New Mexico is about 17.0, meaning it would take roughly 17.0 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 McKinley County.
Are home prices or rent rising faster in McKinley County, New Mexico?
Both home prices and rent are rising in McKinley County, up about 54.1% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in McKinley County, New Mexico?
58.9% of households in McKinley County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in McKinley County, New Mexico?
The housing vacancy rate in McKinley County, New Mexico is 15.6%, higher than the New Mexico average of 12.5%.
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