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Homeownership is to the American dream. It offers , security, community, and countless other benefits. Yet for many New Mexico residents, the dream feels increasingly out of reach—even as and fall. Near-record prices have made homes hard to come by and often even harder to afford, leaving buyers and sellers and younger generations .

But affordable pockets still exist. In cities across the state, residents can comfortably spend around 30% of their income or less on housing, which is widely considered the affordable threshold.

To find out where these cities are, ranked the most affordable cities in New Mexico, based on their local payment to income ratios. All data is an average for the January-October 2025 period. To see the most affordable cities in the country, read this .

#1. Artesia, New Mexico
- Payment to income ratio: 27.0%
- Median sale price: $273,298
- Median household income: $77,647
- Income needed to buy: $69,790
- Median monthly mortgage payment: $1,745
- See homes for sale in Artesia on

#2. Carlsbad, New Mexico
- Payment to income ratio: 29.6%
- Median sale price: $302,170
- Median household income: $78,277
- Income needed to buy: $77,163
- Median monthly mortgage payment: $1,929
- See homes for sale in Carlsbad on

#3. White Rock, New Mexico
- Payment to income ratio: 30.4%
- Median sale price: $598,788
- Median household income: $150,714
- Income needed to buy: $152,908
- Median monthly mortgage payment: $3,823
- See homes for sale in White Rock on

#4. North Hobbs, New Mexico
- Payment to income ratio: 32.0%
- Median sale price: $372,438
- Median household income: $89,279
- Income needed to buy: $95,107
- Median monthly mortgage payment: $2,378
- See homes for sale in North Hobbs on

#5. Los Alamos, New Mexico
- Payment to income ratio: 37.4%
- Median sale price: $667,218
- Median household income: $136,502
- Income needed to buy: $170,383
- Median monthly mortgage payment: $4,260
- See homes for sale in Los Alamos on

#6. Edgewood, New Mexico
- Payment to income ratio: 41.2%
- Median sale price: $437,020
- Median household income: $81,227
- Income needed to buy: $111,599
- Median monthly mortgage payment: $2,790
- See homes for sale in Edgewood on

#7. Eldorado at Santa Fe, New Mexico
- Payment to income ratio: 57.2%
- Median sale price: $721,669
- Median household income: $96,692
- Income needed to buy: $184,287
- Median monthly mortgage payment: $4,607
- See homes for sale in Eldorado at Santa Fe on

#8. Santa Fe, New Mexico
- Payment to income ratio: 66.9%
- Median sale price: $612,494
- Median household income: $70,110
- Income needed to buy: $156,408
- Median monthly mortgage payment: $3,910
- See homes for sale in Santa Fe on

#9. Taos, New Mexico
- Payment to income ratio: 99.8%
- Median sale price: $606,633
- Median household income: $46,579
- Income needed to buy: $154,912
- Median monthly mortgage payment: $3,873
- See homes for sale in Taos on