Ranked from ACS 2023 5-Year
Counties Where Owning Costs Less Than Renting in New Mexico
Counties where the full monthly cost of owning the median home comes in below median rent, even after tax, insurance, utilities and maintenance. These are the places where buying is cheapest relative to the local rental market.
Where does yours land?
Every county in America is somewhere on this scale, including the one you live in.
New Mexico ranked
| # | County | Monthly saved by owning | Median rent | Monthly to own |
|---|---|---|---|---|
| 1 | McKinley County | $47 | $810 | $763 |
| 2 | Quay County | $-7 | $752 | $759 |
| 3 | Harding County | $-72 | $700 | $772 |
| 4 | Hidalgo County | $-168 | $803 | $971 |
| 5 | Mora County | $-234 | $785 | $1,019 |
| 6 | Roosevelt County | $-259 | $863 | $1,122 |
| 7 | Luna County | $-286 | $685 | $971 |
| 8 | Lea County | $-286 | $1,119 | $1,405 |
| 9 | Otero County | $-306 | $926 | $1,232 |
| 10 | Curry County | $-324 | $987 | $1,311 |
| 11 | Cibola County | $-324 | $724 | $1,048 |
| 12 | Torrance County | $-344 | $845 | $1,189 |
| 13 | Chaves County | $-349 | $838 | $1,187 |
| 14 | Eddy County | $-391 | $1,183 | $1,574 |
| 15 | Guadalupe County | $-414 | $515 | $929 |
| 16 | Union County | $-486 | $650 | $1,136 |
| 17 | Sierra County | $-502 | $695 | $1,197 |
| 18 | Grant County | $-513 | $810 | $1,323 |
| 19 | Socorro County | $-533 | $653 | $1,186 |
| 20 | De Baca County | $-556 | $727 | $1,283 |
| 21 | San Juan County | $-584 | $917 | $1,501 |
| 22 | Colfax County | $-611 | $704 | $1,315 |
| 23 | Catron County | $-617 | $740 | $1,357 |
| 24 | San Miguel County | $-656 | $774 | $1,430 |
| 25 | Valencia County | $-684 | $970 | $1,654 |
| 26 | Doña Ana County | $-745 | $903 | $1,648 |
| 27 | Lincoln County | $-788 | $883 | $1,671 |
| 28 | Sandoval County | $-810 | $1,408 | $2,218 |
| 29 | Rio Arriba County | $-1,023 | $760 | $1,783 |
| 30 | Bernalillo County | $-1,073 | $1,087 | $2,160 |
| 31 | Taos County | $-1,541 | $1,069 | $2,610 |
| 32 | Santa Fe County | $-1,787 | $1,318 | $3,105 |
| 33 | Los Alamos County | $-2,072 | $1,308 | $3,380 |
Every figure is modelled on the county's own median home with 20% down at 7.03%. Property tax and electricity are county and state specific; homeowners insurance uses the NAIC average premium for that state, which ranges from 0.16% of home value in Hawaii to 1.16% in Oklahoma. Maintenance and water are national estimates. Full methodology.
Nationwide
Counties Where Owning Costs Less Than Renting across all 3,133 US counties · Every county in New Mexico