Roosevelt County, New Mexico Housing Market Prices
Roosevelt 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 88% below the New Mexico median Among the top 3 cheapest counties in New Mexico$23,947
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Median rent 16% below the New Mexico median$897
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Roosevelt County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,947 | $204,122 | $248,835 |
| Price Trend (Annual %) | -3.5% | 3.1% | 7.5% |
| Median Gross Rent | $897 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Roosevelt County is about 88% lower than in New Mexico. Rent is about 16% lower than the New Mexico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Roosevelt County: home prices fell about 3.5% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
Median rent in Roosevelt County rose about 29.5% between 2015 and 2024, from $693 to $897. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Roosevelt County.
Buying the median-priced home in Roosevelt County costs roughly 2.2 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 Roosevelt County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Roosevelt County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,947 | $204,122 | $248,835 |
| Median Household Income | $54,364 | $64,523 | $80,455 |
| Price-to-Income Ratio | 0.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Roosevelt County fell about 62.5%, while median household income rose about 56.9% 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 | Roosevelt County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.6% | 61.3% | 58.5% |
| Rental Rate | 34.1% | 26.2% | 31.2% |
| Vacancy Rate | 13.2% | 12.5% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Roosevelt County has a homeownership rate of 52.6%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 13.2%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Roosevelt County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1978 | 1983 | 1978 |
| Median Number of Rooms | 5.5 | 5.3 | 5.5 |
The typical housing unit in Roosevelt County was built around 1978. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Roosevelt County, NM Housing Compared With Nearby Counties
How Roosevelt County, NM compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Roosevelt County, NM | 18,922 | $23,947 #3/3 | $897 #3/3 | 60.7% #3/3 |
| Curry County, NM | 47,638 | $162,638 | $1,024 | 62.7% |
| Bailey County, TX | 6,913 | $275,000 | $931 | 79.9% |
Frequently Asked Questions
Common questions about the housing market in Roosevelt County, New Mexico.
What is the median home price in Roosevelt County, New Mexico?
The median home price in Roosevelt County, New Mexico is $23,947, lower than the New Mexico average of $204,122.
What is the average home price in Roosevelt County, New Mexico?
The typical home price in Roosevelt County, New Mexico, reported as the median sale price, is $23,947. 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 Roosevelt County, New Mexico?
The median gross rent in Roosevelt County, New Mexico is $897 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Roosevelt County in 2020?
In 2020, the median gross rent in Roosevelt County, New Mexico was $752 per month.
What is the price-to-rent ratio in Roosevelt County, New Mexico?
The price-to-rent ratio in Roosevelt County, New Mexico is about 2.2, meaning it would take roughly 2.2 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 Roosevelt County.
Are home prices or rent rising faster in Roosevelt County, New Mexico?
Home prices and rent are moving in opposite directions in Roosevelt County: home prices fell about 3.5% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Roosevelt County, New Mexico?
52.6% of households in Roosevelt County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Roosevelt County, New Mexico?
The housing vacancy rate in Roosevelt County, New Mexico is 13.2%, higher than the New Mexico average of 12.5%.
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