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New Mexico

State FIPS 35

Juniper

New Mexico is in the 14th percentile nationally for median income. It also sits in the lowest 30% nationally for typical home value. And it sits in the lowest 31% nationally for median rent.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$290,812

Lower than 70% of U.S. states
Median Income

$64,059

Lower than 86% of U.S. states
Hot Days/yr (>90°F)

70

The basics

Total Population

2,120,246

Median Age

39.4

Population Density

17.48

Home values & property tax

Median Property Tax

$1,731

Property Tax Rateyearly tax as a share of home value

0.7%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

3.87×

Near the U.S. states median
Median Rent

$1,067

Lower than 69% of U.S. states

Home prices & appreciation

Home Price Growth, Past Year

3.1%

Lower than 58% of U.S. states
Pandemic Price Run-Up2019–20 low → 2022–23 peak

45%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

16%

Climate & weather

Summer Avg High (°F)

90.4

Winter Avg Low (°F)

24.4

Avg Temperature (°F)

56.6

Freezing Days/yr (<32°F)

121.2

Annual Precipitation (in)

12.2

Annual Snowfall (in)

11.5

Go deeper

Explore every county, ZIP code, and census tract in New Mexico — demographics, housing, climate, and risk — on the interactive map.

Explore New Mexico on the map →

New Mexico: frequently asked questions

What is the typical home value in New Mexico?
The estimated median home value in New Mexico today is $290,812, lower than 70% of U.S. states.
How much is property tax in New Mexico?
The median annual property tax in New Mexico is $1,731, an effective rate of 0.7% of home value.
Is New Mexico expensive to live in?
Homes in New Mexico cost about 3.87× the median household income, near the U.S. states median.
What is the average rent in New Mexico?
The median gross rent in New Mexico is $1,067 a month, lower than 69% of U.S. states.
How much have home prices grown in New Mexico?
Home prices in New Mexico have moved 3.1% over the past year, per the FHFA House Price Index.
How many people live in New Mexico?
New Mexico has a population of 2,120,246, about 17.48 people per square mile, per the U.S. Census American Community Survey. The median age is 39.4.
What is the weather like in New Mexico?
New Mexico averages 56.6°F year-round, summer highs near 90.4°F, winter lows around 24.4°F (NOAA 1991–2020 normals). It sees about 11.5 inches of snow a year.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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