Mora County, New Mexico Housing Market Prices
Mora 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 51% below the New Mexico median Cheaper than 84% of counties in New Mexico$99,791
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Median rent 17% below the New Mexico median$886
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mora County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,791 | $204,122 | $248,835 |
| Price Trend (Annual %) | 342.2% | 3.1% | 7.5% |
| Median Gross Rent | $886 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mora County is about 51% lower than in New Mexico. Rent is about 17% 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 Mora County, up about 342.2% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Mora County rose about 38.7% between 2015 and 2024, from $639 to $886. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Mora County.
Buying the median-priced home in Mora County costs roughly 9.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mora County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Mora County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,791 | $204,122 | $248,835 |
| Median Household Income | $54,333 | $64,523 | $80,455 |
| Price-to-Income Ratio | 1.8 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mora County rose about 69.0%, while median household income rose about 28.9% 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 | Mora County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.4% | 61.3% | 58.5% |
| Rental Rate | 8.9% | 26.2% | 31.2% |
| Vacancy Rate | 32.7% | 12.5% | 10.2% |
| Median Tenure (years) | 26.0 | 16.0 | 15.0 |
| Median Year Moved In | 2000 | 2010 | 2011 |
Mora County has a homeownership rate of 58.4%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 32.7%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Mora County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.10 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1976 | 1983 | 1978 |
| Median Number of Rooms | 5.3 | 5.3 | 5.5 |
The typical housing unit in Mora County was built around 1976. On average, 2.1 people live in a home with about 5.3 rooms, staying for about 26.0 years on average.
Mora County, NM Housing Compared With Nearby Counties
Mora County, NM is the smallest of the 5 counties compared here, 4,149 residents against a local median of 30,696. Mora County, NM's median home price, at $99,791, runs 71% below the $348,787 typical of the counties around it.
Homeownership tells the same story from another angle: 86.7% against a local median of 72.4%, 20% above it. The one measure here that carries a verdict is homeownership, and at 20% above the local median it puts Mora County, NM at the better end of the local range. The counties themselves spread $379,584 on median home price, so Mora County, NM sits at one end of an already wide local range rather than apart from it. Mora County, NM has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mora County, NM | 4,149 | $99,791 #4/5 | $886 #3/5 | 86.7% #1/5 |
| San Miguel County, NM | 26,850 | $69,117 | $823 | 73.1% |
| Colfax County, NM | 12,320 | $364,246 | $728 | 71.8% |
| Taos County, NM | 34,542 | $333,329 | $1,034 | 77.6% |
| Santa Fe County, NM | 155,407 | $448,701 | $1,389 | 71.5% |
Frequently Asked Questions
Common questions about the housing market in Mora County, New Mexico.
What is the median home price in Mora County, New Mexico?
The median home price in Mora County, New Mexico is $99,791, lower than the New Mexico average of $204,122.
What is the average home price in Mora County, New Mexico?
The typical home price in Mora County, New Mexico, reported as the median sale price, is $99,791. 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 Mora County, New Mexico?
The median gross rent in Mora County, New Mexico is $886 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Mora County in 2020?
In 2020, the median gross rent in Mora County, New Mexico was $527 per month.
What is the price-to-rent ratio in Mora County, New Mexico?
The price-to-rent ratio in Mora County, New Mexico is about 9.4, meaning it would take roughly 9.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mora County.
Are home prices or rent rising faster in Mora County, New Mexico?
Both home prices and rent are rising in Mora County, up about 342.2% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mora County, New Mexico?
58.4% of households in Mora County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Mora County, New Mexico?
The housing vacancy rate in Mora County, New Mexico is 32.7%, higher than the New Mexico average of 12.5%.
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