Cost to Own
United States › Rankings › New Mexico Counties ranked 33 Data vintage ACS 2023 5-Year

Ranked from ACS 2023 5-Year

Counties Where Renting Costs Far Less Than Owning in New Mexico

The widest gaps between median rent and the full monthly cost of owning the median home. A large gap does not automatically mean renting is the better decision, because rent buys no equity and is not fixed for thirty years, but it does show where the market prices ownership at a steep premium.

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 rentingMedian rentMonthly to own
1 Los Alamos County $2,072$1,308$3,380
2 Santa Fe County $1,787$1,318$3,105
3 Taos County $1,541$1,069$2,610
4 Bernalillo County $1,073$1,087$2,160
5 Rio Arriba County $1,023$760$1,783
6 Sandoval County $810$1,408$2,218
7 Lincoln County $788$883$1,671
8 Doña Ana County $745$903$1,648
9 Valencia County $684$970$1,654
10 San Miguel County $656$774$1,430
11 Catron County $617$740$1,357
12 Colfax County $611$704$1,315
13 San Juan County $584$917$1,501
14 De Baca County $556$727$1,283
15 Socorro County $533$653$1,186
16 Grant County $513$810$1,323
17 Sierra County $502$695$1,197
18 Union County $486$650$1,136
19 Guadalupe County $414$515$929
20 Eddy County $391$1,183$1,574
21 Chaves County $349$838$1,187
22 Torrance County $344$845$1,189
23 Cibola County $324$724$1,048
24 Curry County $324$987$1,311
25 Otero County $306$926$1,232
26 Lea County $286$1,119$1,405
27 Luna County $286$685$971
28 Roosevelt County $259$863$1,122
29 Mora County $234$785$1,019
30 Hidalgo County $168$803$971
31 Harding County $72$700$772
32 Quay County $7$752$759
33 McKinley County $-47$810$763

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 Renting Costs Far Less Than Owning across all 3,133 US counties · Every county in New Mexico

Other rankings

All 31 rankings