Best Places to Invest in New Mexico Real Estate
32 New Mexico markets ranked from our sold history and per-listing investment modeling. Tap a city for its cap rate, cash flow and price detail — then sign up to see the actual cash-flowing listings.
| City | Median price | Cap rate | Cash flow/mo | Appreciation YoY | Sold (12mo) |
|---|---|---|---|---|---|
| Albuquerque | $359,999 | 3.8% | $-740 | +0.5% | 5,998 |
| Rio Rancho | $360,900 | 3.7% | $-893 | +0.9% | 2,231 |
| Los Lunas | $330,000 | 4.1% | $-645 | -0.2% | 409 |
| South Valley | $285,000 | 4.0% | $-612 | +11.2% | 182 |
| Placitas | $642,500 | 2.0% | $-2,608 | -2.5% | 156 |
| Belen | $257,000 | 3.5% | $-657 | +5.5% | 150 |
| Rio Rancho Estates | $8,750 | 4.7% | $-413 | +12.6% | 146 |
| Corrales | $742,000 | 1.8% | $-3,009 | +1.7% | 127 |
| Farmington | $295,000 | 4.2% | $-527 | — | 114 |
| Tijeras | $299,000 | 2.4% | $-1,613 | +34.9% | 109 |
| Rio Communities | $268,950 | 4.2% | $-487 | +0.6% | 86 |
| North Valley | $449,750 | 2.7% | $-1,606 | +12.9% | 84 |
| Bernalillo | $398,500 | 3.1% | $-1,160 | -2.7% | 82 |
| Santa Fe | $499,495 | 2.6% | $-1,926 | +0.6% | 80 |
| Carlsbad | $320,000 | 4.9% | $-362 | +136.1% | 65 |
| Los Ranchos de Albuquerque | $750,000 | 1.3% | $-3,526 | -5.1% | 62 |
| Roswell | $218,500 | 5.7% | $-118 | +132.3% | 60 |
| Clovis | $220,000 | 5.3% | $-190 | +25.8% | 59 |
| Sandia Heights | $750,000 | 2.2% | $-2,661 | -11.9% | 57 |
| Hobbs | $215,000 | 5.0% | $-265 | — | 53 |
| Meadow Lake | $55,000 | 5.7% | $-120 | +16.4% | 53 |
| Los Chaves | $289,500 | 3.1% | $-893 | +6.6% | 52 |
| Jemez Springs | $339,500 | 3.4% | $-952 | -10.2% | 45 |
| Socorro | $190,750 | 3.0% | $-502 | +10.6% | 44 |
| El Cerro Mission | $269,750 | 5.1% | $-277 | -11.2% | 40 |
| Cedar Crest | $502,000 | 6.8% | $225 | +12.3% | 38 |
| Sandia Park | $475,000 | 3.4% | $-1,479 | -5.0% | 37 |
| Paradise Hills | $357,500 | 4.8% | $-440 | -5.0% | 36 |
| Sandia Knolls | $359,950 | 5.0% | $-405 | +3.8% | 34 |
| Bosque Farms | $374,900 | 2.1% | $-1,613 | -9.1% | 34 |
| Estancia | $142,400 | 2.2% | $-1,078 | +9.0% | 32 |
| Cedro | $132,500 | 3.7% | $-744 | — | 30 |
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