Best Places for Homeownership in New Mexico- Full Ranking

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Rank City Homeownership Rate Median Selected Monthly Homeowner Costs Median Monthly Household Income Homeowner Costs as % of Household Income Median Home Values 2012 Population 2010 Population 2010-2012 Population Growth
1 Vado 80.1% $647 $1,586 40.8% $40,600 3,475 2,544 36.6%
2 **San Felipe Pueblo 79.7% $938 $4,225 22.2% $107,100 2,678 2,165 23.7%
3 Boles Acres 79.7% $960 $3,349 28.7% $118,500 2,357 1,840 28.1%
4 Sandia Knolls 88.8% $1,733 $6,726 25.8% $194,600 2,079 1,712 21.4%
5 **Zuni Pueblo 95.4% $744 $2,742 27.1% $80,200 10,160 9,527 6.6%
6 Lee Acres 77.8% $868 $3,642 23.8% $102,200 6,612 5,484 20.6%
7 West Hammond 93.0% $1,098 $7,550 14.5% $161,600 2,802 2,731 2.6%
8 ***Rio Communities 79.5% $977 $3,352 29.1% $131,600 5,625 4,743 18.6%
9 El Cerro Mission 75.9% $859 $3,374 25.5% $78,800 4,251 3,757 13.1%
10 San Ysidro 97.1% $1,375 $2,637 52.1% $166,900 2,532 2,212 14.5%
11 El Cerro 96.9% $1,477 $4,430 33.3% $217,900 3,422 3,401 0.6%
12 Meadow Lake 83.4% $766 $2,728 28.1% $61,200 5,836 5,867 (0.5%)
13 Jarales 84.4% $917 $3,398 27.0% $114,100 2,086 2,073 0.6%
14 Edgewood 87.5% $1,269 $4,325 29.3% $178,100 3,730 3,664 1.8%
15 Kirtland 81.4% $973 $4,664 20.9% $125,900 6,256 6,418 (2.5%)
16 Rio Rancho 79.2% $1,355 $5,010 27.0% $178,600 87,068 81,056 7.4%
17 Peralta 82.2% $1,052 $4,130 25.5% $145,300 3,647 3,615 0.9%
18 Pecos 65.8% $1,219 $3,021 40.4% $96,000 2,019 1,629 23.9%
19 Bosque Farms 89.7% $1,374 $4,572 30.1% $203,300 3,904 3,901 0.1%
20 Placitas  (Sandoval County) 89.1% $1,928 $6,600 29.2% $376,600 5,491 4,911 11.8%
21 Valencia 88.0% $933 $2,991 31.2% $133,000 2,344 2,422 (3.2%)
22 White Rock 88.3% $1,808 $9,363 19.3% $275,200 5,690 5,908 (3.7%)
23 Chimayo 76.9% $868 $3,088 28.1% $92,800 2,795 2,766 1.0%
24 Dulce 65.4% $680 $3,730 18.2% $58,400 2,848 2,795 1.9%
25 Los Lunas 76.4% $1,287 $4,157 31.0% $155,900 14,731 13,874 6.2%
26 North Hobbs 74.1% $1,360 $5,163 26.3% $175,800 5,293 4,981 6.3%
27 Lovington 70.2% $890 $3,398 26.2% $79,700 10,993 10,644 3.3%
28 Milan 65.5% $747 $2,944 25.4% $50,000 3,202 3,068 4.4%
29 Chaparral 79.2% $802 $2,203 36.4% $66,700 13,456 13,540 (0.6%)
30 Eunice 62.5% $743 $4,896 15.2% $90,600 2,916 2,839 2.7%
31 Bernalillo 73.7% $1,039 $3,515 29.6% $115,100 8,302 8,073 2.8%
32 Carlsbad 69.7% $930 $3,859 24.1% $97,200 26,158 25,698 1.8%
33 Eldorado at Santa Fe 89.6% $1,808 $6,101 29.6% $389,500 6,140 5,810 5.7%
34 Santo Domingo Pueblo 72.3% $841 $3,180 26.5% $84,100 2,288 2,309 (0.9%)
35 Los Chaves 74.4% $1,106 $3,544 31.2% $168,200 4,688 4,451 5.3%
36 Tucumcari 71.5% $733 $2,430 30.2% $54,000 5,313 5,338 (0.5%)
37 Artesia 70.1% $975 $3,689 26.4% $112,900 11,268 11,061 1.9%
38 Paradise Hills 82.6% $1,138 $5,521 20.6% $177,700 4,628 5,159 (10.3%)
39 Hobbs 66.6% $1,018 $3,971 25.6% $97,000 34,111 32,940 3.6%
40 Pojoaque 63.8% $1,191 $4,414 27.0% $120,800 2,075 1,925 7.8%
41 Moriarty 64.5% $955 $2,428 39.3% $93,000 2,140 1,891 13.2%
42 Corrales 92.9% $2,270 $7,289 31.1% $427,400 8,340 8,156 2.3%
43 Bloomfield 72.4% $1,065 $3,423 31.1% $127,500 7,996 7,887 1.4%
44 Santa Teresa 60.6% $1,171 $3,554 32.9% $158,500 4,584 3,960 15.8%
45 South Valley 75.7% $1,147 $3,260 35.2% $139,400 42,330 41,992 0.8%
46 Nambe 81.0% $1,156 $3,867 29.9% $226,500 2,062 2,118 (2.6%)
47 Tularosa 71.4% $854 $2,352 36.3% $96,100 2,865 2,830 1.2%
48 North Valley 80.0% $1,413 $3,811 37.1% $196,000 11,575 11,705 (1.1%)
49 Roswell 64.2% $882 $3,049 28.9% $90,100 48,167 47,414 1.6%
50 Flora Vista 76.5% $1,640 $6,166 26.6% $207,300 2,594 2,736 (5.2%)
51 Santa Rosa 75.2% $943 $2,125 44.4% $84,000 2,993 3,001 (0.3%)
52 Sandia Heights 92.3% $2,062 $8,519 24.2% $468,800 3,444 3,625 (5.0%)
53 Alamogordo 61.9% $992 $3,581 27.7% $108,800 30,544 29,753 2.7%
54 Ruidoso 73.3% $1,281 $3,933 32.6% $168,400 8,055 8,154 (1.2%)
55 Silver City 66.9% $880 $2,957 29.8% $128,600 10,331 10,343 (0.1%)
56 Clovis 62.6% $1,023 $3,387 30.2% $117,100 37,538 36,217 3.6%
57 Farmington 68.5% $1,345 $4,481 30.0% $178,700 45,458 44,650 1.8%
58 La Cienega 78.9% $1,581 $4,732 33.4% $230,000 3,234 3,330 (2.9%)
59 Los Alamos 72.4% $1,948 $8,835 22.0% $293,100 12,014 12,030 (0.1%)
60 Grants 61.4% $892 $3,408 26.2% $97,200 9,217 9,215 0.0%
61 Ruidoso Downs 70.2% $953 $2,652 35.9% $116,500 2,793 2,813 (0.7%)
62 Bayard 65.6% $766 $2,545 30.1% $81,300 2,734 2,825 (3.2%)
63 Socorro 65.7% $893 $2,719 32.8% $110,100 9,020 9,059 (0.4%)
64 Clayton 64.7% $929 $2,987 31.1% $80,500 2,619 2,693 (2.7%)
65 Sunland Park 65.3% $927 $2,166 42.8% $87,200 14,267 13,832 3.1%
66 Gallup 59.0% $1,251 $4,036 31.0% $136,400 21,701 21,077 3.0%
67 Raton 60.9% $910 $2,740 33.2% $89,600 6,825 6,965 (2.0%)
68 Lordsburg 59.2% $918 $2,969 30.9% $86,500 3,038 3,112 (2.4%)
69 Las Cruces 58.1% $1,182 $3,360 35.2% $154,000 97,393 92,897 4.8%
70 Ranchos de Taos 72.9% $929 $2,666 34.9% $162,300 2,622 2,904 (9.7%)
71 Aztec 63.1% $1,310 $3,825 34.3% $166,500 6,736 6,778 (0.6%)
72 Portales 54.4% $919 $2,806 32.8% $103,100 12,327 12,017 2.6%
73 Deming 58.5% $834 $2,231 37.4% $94,700 14,864 14,877 (0.1%)
74 Albuquerque 60.4% $1,368 $3,950 34.6% $190,300 545,083 531,403 2.6%
75 Belen 62.3% $1,011 $2,385 42.4% $115,700 7,267 7,255 0.2%
76 Truth or Consequences 63.0% $840 $1,815 46.3% $88,600 6,477 6,490 (0.2%)
77 Las Vegas 61.8% $1,020 $2,074 49.2% $107,500 13,701 13,845 (1.0%)
78 Crownpoint 37.6% $690 $2,784 24.8% $54,500 2,741 2,688 2.0%
79 Shiprock 53.4% $822 $2,872 28.6% $89,400 8,711 9,575 (9.0%)
80 Española 71.1% $1,024 $2,962 34.6% $122,500 10,210 N/A N/A
81 Santa Fe 59.6% $1,628 $4,204 38.7% $297,100 68,298 67,588 1.1%
82 Los Ranchos de Albuquerque 68.1% $1,957 $4,670 41.9% $399,700 6,021 5,948 1.2%
83 Agua Fria 63.5% $1,291 $2,629 49.1% $182,700 3,081 3,234 (4.7%)
84 Anthony 64.1% $757 $1,901 39.8% $83,800 8,591 N/A N/A
85 Mesilla 63.1% $1,546 $4,703 32.9% $270,400 2,141 2,771 (22.7%)
86 Taos 47.1% $1,430 $2,496 57.3% $203,000 5,661 5,597 1.1%

To view the full ranking for all 86 places and download the raw data, click here.

Methodology

The overall score for each city was derived from each of these measures:

1. Homeownership rate made up 33.3% of the total score. A higher rate earned a higher score. The rate comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 04.

2. Selected monthly owner costs as a percentage of median household income made up 16.7% of the total score. A lower percentage earned a higher score. Monthly homeowner costs as a percentage of median household income made up one-half of the affordability score. Median household income comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 03. The figure for monthly homeowner costs comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 04.

3. Median home value made up 16.7% of the total score. A lower value earned a higher score. Median home value made up one-half of the affordability score. Median home value comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 04.

4. Population change from 2010 to 2012 made up 33.3% of the total score. A higher percent change earned a higher score. The 2010 population comes from the 2010 American Community Survey 5-Year Estimates for all places in the state, Table DP 05. The 2012 population data comes from the 2012 American Community Survey 5-Year Estimates for all places in the state, Table DP 05. NerdWallet calculated the percent change.

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The top 20 ranking excluded Rio Communities CDP, which no longer exists as it did in 2012 when the data was collected. Communities with residency restrictions, such as tribal areas or age-restricted neighborhoods, also were not included in the top 20 ranking.

Cannon AFB CDP, Navajo CDP, University Park CDP, Holloman AFB CDP were excluded from the study due to lack of data availability.

Image: Daxis/Flickr: https://flic.kr/p/eNZ1wd