Valencia County, New Mexico Housing Market Prices
Valencia 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 31% below the New Mexico median Cheaper than 78% of counties in New Mexico$140,798
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Median rent 5% below the New Mexico median More expensive than 72% of counties in New Mexico$1,015
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Valencia County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,798 | $204,122 | $248,835 |
| Price Trend (Annual %) | 1.2% | 3.1% | 7.5% |
| Median Gross Rent | $1,015 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Valencia County is about 31% lower than in New Mexico. Rent is about 5% 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 Valencia County, up about 1.2% and 3.5% a year respectively. Rent is changing faster.
Median rent in Valencia County rose about 34.2% between 2015 and 2024, from $756 to $1,015. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Valencia County.
Buying the median-priced home in Valencia County costs roughly 11.6 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 Valencia County. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Valencia County | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,798 | $204,122 | $248,835 |
| Median Household Income | $59,334 | $64,523 | $80,455 |
| Price-to-Income Ratio | 2.4 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Valencia County rose about 29.4%, while median household income rose about 32.9% 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 | Valencia County | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.6% | 61.3% | 58.5% |
| Rental Rate | 15.1% | 26.2% | 31.2% |
| Vacancy Rate | 10.3% | 12.5% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Valencia County has a homeownership rate of 74.6%, higher than the New Mexico average of 61.3%. Its housing vacancy rate is 10.3%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Valencia County | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1989 | 1983 | 1978 |
| Median Number of Rooms | 5.6 | 5.3 | 5.5 |
The typical housing unit in Valencia County was built around 1989. On average, 2.8 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Valencia County, NM Housing Compared With Nearby Counties
Valencia County, NM is the 4th largest of the 5 counties compared here, 78,461 residents against a local median of 154,496. Where Valencia County, NM breaks from the counties next to it is median home price, sitting 50% below the local median of $281,869 at $140,798.
Median rent tells the same story from another angle: $1,015 against a local median of $1,267, 20% below it. The counties themselves spread $251,475 on median home price, so Valencia County, NM sits at one end of an already wide local range rather than apart from it. Valencia County, NM has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Valencia County, NM | 78,461 | $140,798 #5/5 | $1,015 #4/5 | 83.2% #2/5 |
| Bernalillo County, NM | 672,163 | $260,969 | $1,145 | 64.6% |
| Torrance County, NM | 15,478 | $197,226 | $871 | 81.7% |
| Sandoval County, NM | 153,584 | $302,768 | $1,426 | 83.5% |
| Santa Fe County, NM | 155,407 | $448,701 | $1,389 | 71.5% |
Frequently Asked Questions
Common questions about the housing market in Valencia County, New Mexico.
What is the median home price in Valencia County, New Mexico?
The median home price in Valencia County, New Mexico is $140,798, lower than the New Mexico average of $204,122.
What is the average home price in Valencia County, New Mexico?
The typical home price in Valencia County, New Mexico, reported as the median sale price, is $140,798. 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 Valencia County, New Mexico?
The median gross rent in Valencia County, New Mexico is $1,015 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Valencia County in 2020?
In 2020, the median gross rent in Valencia County, New Mexico was $856 per month.
What is the price-to-rent ratio in Valencia County, New Mexico?
The price-to-rent ratio in Valencia County, New Mexico is about 11.6, meaning it would take roughly 11.6 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 Valencia County.
Are home prices or rent rising faster in Valencia County, New Mexico?
Both home prices and rent are rising in Valencia County, up about 1.2% and 3.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Valencia County, New Mexico?
74.6% of households in Valencia County, New Mexico own their home, higher than the New Mexico average of 61.3%.
What is the vacancy rate in Valencia County, New Mexico?
The housing vacancy rate in Valencia County, New Mexico is 10.3%, lower than the New Mexico average of 12.5%.
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