Best Places to Invest in New Mexico Real Estate
27 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 | $360,000 | 3.7% | $-759 | +1.4% | 5,998 |
| Rio Rancho | $355,000 | 3.6% | $-927 | -0.5% | 2,195 |
| Los Lunas | $325,000 | 4.0% | $-658 | -0.5% | 391 |
| South Valley | $285,000 | 3.9% | $-599 | +6.9% | 183 |
| Placitas | $642,500 | 1.9% | $-2,672 | +2.8% | 152 |
| Belen | $255,000 | 3.4% | $-698 | +15.3% | 149 |
| Rio Rancho Estates | $9,000 | 4.3% | $-552 | — | 142 |
| Corrales | $733,500 | 1.6% | $-3,288 | +3.8% | 126 |
| Tijeras | $310,000 | 2.4% | $-1,569 | +32.0% | 106 |
| Santa Fe | $499,990 | 2.5% | $-1,961 | -3.0% | 89 |
| Rio Communities | $267,950 | 3.7% | $-586 | +0.0% | 84 |
| North Valley | $450,000 | 2.6% | $-1,704 | +20.5% | 83 |
| Bernalillo | $396,500 | 3.1% | $-1,180 | -0.5% | 78 |
| Los Ranchos de Albuquerque | $873,450 | 1.2% | $-3,224 | +11.6% | 60 |
| Sandia Heights | $750,000 | 2.1% | $-2,711 | -3.4% | 57 |
| Farmington | $304,500 | 4.0% | $-583 | — | 56 |
| Meadow Lake | $44,500 | 5.6% | $-153 | +6.5% | 54 |
| Los Chaves | $289,500 | 3.5% | $-849 | +6.3% | 52 |
| Socorro | $210,000 | 2.9% | $-521 | +11.9% | 41 |
| Jemez Springs | $334,750 | 3.2% | $-988 | — | 38 |
| Paradise Hills | $350,000 | 4.7% | $-489 | -6.2% | 37 |
| El Cerro Mission | $277,000 | 4.8% | $-373 | -6.6% | 36 |
| Cedar Crest | $507,500 | 7.1% | $315 | +9.9% | 36 |
| Sandia Park | $375,000 | 2.7% | $-1,868 | -14.5% | 35 |
| Sandia Knolls | $350,000 | 2.9% | $-1,124 | +33.8% | 33 |
| Estancia | $149,950 | 2.1% | $-1,116 | +14.5% | 32 |
| Bosque Farms | $357,450 | 0.8% | $-2,048 | +11.9% | 30 |
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