Eddy County, NM real estate

What the numbers say

Eddy County, NM real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Eddy County listed for $305,000, down 11.8% from a year earlier. That is 24% below the New Mexico median of $399,475.

Homes spent a median of 84 days on the market, slower than 47 days a year ago. That makes Eddy County the #11 fastest-selling of 12 New Mexico counties we track.

Homeowners in Eddy County pay a median of $1,095 a year in property taxes on a median home value of $212,600, an effective rate of about 0.52%. The New Mexico average is 0.70%, which makes Eddy County the #12 lowest-tax of 33 counties in the state with published tax data.

Renters pay a median of $1,245 a month, and $1,065 for a two-bedroom. At today's prices a typical home costs about 20 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $305,000 home here comes to about $1,921 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $82,000 a year (the median household here earns $78,426).