Carlsbad, NM Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Carlsbad, NM offers balanced conditions for buyers.
- •Prices are essentially flat (-1.8% YoY) — good negotiating leverage for buyers.
- •Price-to-rent ratio: 11.3 — buying is likely more cost-effective than renting.
Median Home Value
$238,821
ZHVI
Year-over-Year
-1.8%
Price change
5-Year Change
-5.3%
Since 2021
Median Rent
$1,762/mo
ZORI
Active Listings
146
For sale
State Avg
$310,375
New Mexico
Home Value Trends
5-year Zillow Home Value Index for Carlsbad, NM vs. state and national averages.
Rent Data
Median Rent
$1,762/mo
Rent YoY Change
+5.3%
Other Markets in New Mexico
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.