Quay County, New Mexico Housing Market Prices
Quay 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 86% below the New Mexico median Among the top 3 cheapest counties in New Mexico$28,055
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Median rent 33% below the New Mexico median Cheaper than 84% of counties in New Mexico$712
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Quay County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,055 | $204,122 | $248,835 |
| Price Trend (Annual %) | 2.3% | 3.1% | 7.5% |
| Median Gross Rent | $712 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Quay County is about 86% lower than in New Mexico. Rent is about 33% 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 Quay County, up about 2.3% and 5.2% a year respectively. Rent is changing faster.
Median rent in Quay County rose about 48.4% between 2015 and 2024, from $480 to $712. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Quay County.
Buying the median-priced home in Quay County costs roughly 3.3 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 Quay County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Quay County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,055 | $204,122 | $248,835 |
| Median Household Income | $43,704 | $64,523 | $80,455 |
| Price-to-Income Ratio | 0.6 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Quay County fell about 24.2%, while median household income rose about 29.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Quay County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.8% | 61.3% | 58.5% |
| Rental Rate | 22.5% | 26.2% | 31.2% |
| Vacancy Rate | 20.7% | 12.5% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Quay County has a homeownership rate of 56.8%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 20.7%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Quay County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.93 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1968 | 1983 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Quay County was built around 1968. On average, 1.9 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Quay County, NM Housing Compared With Nearby Counties
How Quay County, NM compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Quay County, NM | 8,564 | $28,055 #3/3 | $712 #3/3 | 71.6% #1/3 |
| Curry County, NM | 47,638 | $162,638 | $1,024 | 62.7% |
| Deaf Smith County, TX | 18,460 | $119,736 | $926 | 66.8% |
Frequently Asked Questions
Common questions about the housing market in Quay County, New Mexico.
What is the median home price in Quay County, New Mexico?
The median home price in Quay County, New Mexico is $28,055, lower than the New Mexico average of $204,122.
What is the average home price in Quay County, New Mexico?
The typical home price in Quay County, New Mexico, reported as the median sale price, is $28,055. 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 Quay County, New Mexico?
The median gross rent in Quay County, New Mexico is $712 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Quay County in 2020?
In 2020, the median gross rent in Quay County, New Mexico was $587 per month.
What is the price-to-rent ratio in Quay County, New Mexico?
The price-to-rent ratio in Quay County, New Mexico is about 3.3, meaning it would take roughly 3.3 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 Quay County.
Are home prices or rent rising faster in Quay County, New Mexico?
Both home prices and rent are rising in Quay County, up about 2.3% and 5.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Quay County, New Mexico?
56.8% of households in Quay County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Quay County, New Mexico?
The housing vacancy rate in Quay County, New Mexico is 20.7%, higher than the New Mexico average of 12.5%.
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