The story of this market
The typical home in Eddy County, New Mexico sells for about $265,000, or $158 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. Over the long run, values in this county have grown 189% since 2000. Last year 7 of 11 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is riverine flooding, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,252 a month.
HUD sets the fair market rent for a 2-bedroom at $1,252 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+2.6%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2006 (+12.9%). Worst: 2010 (-1.4%). Hover to read a year.
Monthly price momentum
Home values since 2015
+3.3%
NM · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,734
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+2.6%
2025 change
FHFA repeat-sales index, median of 11 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
89
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $43,788,957.
Mortgage activity
Home lending in this county
68.8%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 2248 | 1047 | 68.8% | 7.1% | $180,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Eddy County, New Mexico
The Eddy County housing market remains stable, supported by consistent demand from the energy sector. While inventory levels are modest, price growth has moderated compared to previous years, reflecting a balanced market environment.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 4 cities · 8 ZIP reports
Median prices moved up 7.2% year over year.
Homes spend a median of 36 days on market with 1.0 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 38.05% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 13.8% — a stable, low-distress profile.
Deterministic aggregate of 8 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Eddy County, New Mexico — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
researched Sep 29
| 88210 | Artesia | $278,000 | $145 | +1.5% | 78 | 97.5% | 12% | 4.2 | 112 | $1,800 | researched Sep 29 |
| 88211 | Artesia | $145,000 | $112 | +3.6% | 84 | 96.2% | 16.7% | 6 | 12 | $950 | researched Sep 29 |
| 88220 | Carlsbad | $341,000 | $185 | +19.6% | 44 | — | — | — | 84 | $3,025 | researched Sep 29 |
| 88221 | Carlsbad | $325,000 | $182 | +14.3% | 39 | — | — | — | 269 | $1,568 | researched Sep 29 |
| 88240 | Hobbs | $264,842 | $158 | -10.6% | 10 | 98.2% | 18% | 2.1 | 196 | $1,150 | researched Sep 29 |
| 88250 | Hope | $145,000 | $112 | +3.5% | 68 | 97.2% | 12% | 3.5 | 14 | $950 | researched Sep 29 |
| 88256 | Loving | $185,000 | $138 | +2.8% | 72 | 96.5% | 8.3% | 6 | 12 | $1,150 | researched Sep 29 |
| 88268 | Whites City | — | — | — | — | — | — | — | — | — | researched Sep 29 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Crime rates in Eddy County are generally consistent with regional trends in southeastern New Mexico, with property crime remaining a primary focus for local law enforcement.
Public education is primarily served by the Carlsbad and Artesia municipal school districts, which maintain moderate performance ratings within the state accountability framework.
The region faces moderate risks from wildfire and high-wind events, with flood risks primarily concentrated in specific low-lying areas near the Pecos River.
The economy is heavily anchored by the oil and gas industry in the Permian Basin, alongside significant activity in potash mining and government-related operations at the Waste Isolation Pilot Plant.
Property taxes are assessed by the county based on mill rates that vary by school district and municipal boundaries, with exemptions available for heads of household and veterans.
The economy is driven by the energy sector, specifically oil and gas extraction in the Permian Basin, which provides significant employment and tax revenue for the county.
The county is served by U.S. Highways 285 and 62/180, which act as primary corridors for both regional commerce and industrial transport.
The Eddy County Assessor's office manages property valuations based on market value, with assessments updated annually to reflect changes in property characteristics and market conditions.
Parcels may be subject to levies from municipal school districts, community college districts, and local soil and water conservation districts.
Property insurance premiums in the region are influenced by exposure to severe weather, including wind and hail, which are common in the high desert climate.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
World-renowned cave system and major regional tourist attraction.
Features native Chihuahuan Desert flora and fauna.
Popular destination for boating, fishing, and water recreation.
Data retrieved from Census Reporter and U.S. Census Bureau QuickFacts.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
applies when — Applies to residential parcels governed by a Homeowner Association (HOA) as defined by state statute.
Parcels are subject to the declaration, bylaws, and rules of the association, including the obligation to pay common expense assessments and potential liens for unpaid assessments.
NMSA 1978 § 47-16-1 et seq.
applies when — Applies to the resale of a unit within a condominium association.
The unit owner must furnish the purchaser with a resale certificate containing the declaration, bylaws, rules, and a statement of monthly common expense assessments, unpaid assessments, and other fees. The purchaser is not liable for unpaid assessments exceeding the amount disclosed in the certificate.
NMSA 1978 § 47-7D-9.
Tax is calculated by applying a tax rate (expressed in mills) to the net taxable value. The net taxable value is defined as one-third (33.33%) of the taxable value of the property. The taxable value is generally the market value, subject to statutory limitations on annual valuation increases for residential property. The total tax obligation is the product of the net taxable value and the sum of applicable local and state mill levies.
NMSA 1978 § 7-36-21.2; Property Tax Facts 2021, New Mexico Department of Finance and Administration.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.