Best Places to Invest in New Mexico Real Estate
24 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 | $359,000 | 3.8% | $-755 | +1.4% | 5,484 |
| Rio Rancho | $355,000 | 3.6% | $-939 | +0.9% | 1,982 |
| Los Lunas | $325,000 | 4.0% | $-665 | -1.5% | 354 |
| South Valley | $294,950 | 3.7% | $-673 | +5.3% | 166 |
| Placitas | $629,500 | 1.9% | $-2,713 | +2.6% | 145 |
| Belen | $262,000 | 3.4% | $-700 | +22.6% | 138 |
| Rio Rancho Estates | $7,700 | 3.1% | $-800 | — | 124 |
| Corrales | $750,000 | 1.3% | $-3,745 | +12.5% | 109 |
| Tijeras | $349,000 | 1.9% | $-1,787 | +24.0% | 88 |
| Santa Fe | $499,990 | 2.4% | $-2,046 | -3.8% | 84 |
| Bernalillo | $398,000 | 2.9% | $-1,226 | +2.9% | 79 |
| North Valley | $449,750 | 2.5% | $-1,834 | +16.6% | 76 |
| Rio Communities | $267,700 | 3.6% | $-684 | +0.3% | 76 |
| Meadow Lake | $45,000 | 7.0% | $124 | +6.9% | 55 |
| Los Ranchos de Albuquerque | $897,000 | 1.1% | $-3,152 | +2.4% | 53 |
| Sandia Heights | $750,000 | 1.9% | $-2,825 | +4.6% | 50 |
| Los Chaves | $319,900 | 3.9% | $-681 | +7.4% | 41 |
| El Cerro Mission | $279,000 | 5.0% | $-331 | -6.4% | 36 |
| Cedar Crest | $517,450 | 3.7% | $-1,114 | +20.3% | 36 |
| Socorro | $220,000 | 2.7% | $-594 | +18.7% | 32 |
| Jemez Springs | $330,000 | 3.2% | $-950 | — | 31 |
| $70,500 | 4.2% | $-313 | — | 30 | |
| Sandia Knolls | $350,000 | 2.2% | $-1,454 | +38.2% | 30 |
| Paradise Hills | $357,500 | 4.5% | $-490 | -6.0% | 30 |
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