Sierra County, New Mexico Housing Market Prices
Sierra 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.
-
Median home price 9% above the New Mexico median$222,914
-
Median rent 32% below the New Mexico median Cheaper than 78% of counties in New Mexico$729
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sierra County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $222,914 | $204,122 | $248,835 |
| Price Trend (Annual %) | 11.1% | 3.1% | 7.5% |
| Median Gross Rent | $729 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sierra County is about 9% higher than in New Mexico. Rent is about 32% 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 Sierra County, up about 11.1% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Sierra County rose about 26.8% between 2015 and 2024, from $575 to $729. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Sierra County.
Buying the median-priced home in Sierra County costs roughly 25.5 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 Sierra County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Sierra County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $222,914 | $204,122 | $248,835 |
| Median Household Income | $42,832 | $64,523 | $80,455 |
| Price-to-Income Ratio | 5.2 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sierra County rose about 81.2%, while median household income rose about 53.5% 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 | Sierra County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.6% | 61.3% | 58.5% |
| Rental Rate | 18.7% | 26.2% | 31.2% |
| Vacancy Rate | 33.7% | 12.5% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Sierra County has a homeownership rate of 47.6%, lower than the New Mexico average of 61.3%. Its housing vacancy rate is 33.7%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Sierra County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.07 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1981 | 1983 | 1978 |
| Median Number of Rooms | 4.8 | 5.3 | 5.5 |
The typical housing unit in Sierra County was built around 1981. On average, 2.1 people live in a home with about 4.8 rooms, staying for about 17.0 years on average.
Sierra County, NM Housing Compared With Nearby Counties
Sierra County, NM is the smallest of the 4 counties compared here, 11,501 residents against a local median of 27,774. Sierra County, NM sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 15% above the local median at $222,914 against $193,882. Sierra County, NM has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sierra County, NM | 11,501 | $222,914 #2/4 | $729 #3/4 | 71.8% #2/4 |
| Doña Ana County, NM | 224,261 | $171,025 | $934 | 65.5% |
| Luna County, NM | 25,611 | $193,882 | $649 | 70.9% |
| Grant County, NM | 27,774 | $317,477 | $824 | 75.8% |
Frequently Asked Questions
Common questions about the housing market in Sierra County, New Mexico.
What is the median home price in Sierra County, New Mexico?
The median home price in Sierra County, New Mexico is $222,914, higher than the New Mexico average of $204,122.
What is the average home price in Sierra County, New Mexico?
The typical home price in Sierra County, New Mexico, reported as the median sale price, is $222,914. 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 Sierra County, New Mexico?
The median gross rent in Sierra County, New Mexico is $729 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Sierra County in 2020?
In 2020, the median gross rent in Sierra County, New Mexico was $561 per month.
What is the price-to-rent ratio in Sierra County, New Mexico?
The price-to-rent ratio in Sierra County, New Mexico is about 25.5, meaning it would take roughly 25.5 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 Sierra County.
Are home prices or rent rising faster in Sierra County, New Mexico?
Both home prices and rent are rising in Sierra County, up about 11.1% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sierra County, New Mexico?
47.6% of households in Sierra County, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Sierra County, New Mexico?
The housing vacancy rate in Sierra County, New Mexico is 33.7%, higher than the New Mexico average of 12.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →