Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Valencia County, New Mexico?
County · Census ACS 5-Year estimates
The median gross rent in Valencia County, New Mexico is $1,015/month (±$70), based on Census ACS 5-Year estimates (2024). The median home value is $223,000 (±$8,792), and the median household income is $58,933/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Valencia County, New Mexico and Neighbouring Counties
Housing Metrics for Valencia County, New Mexico
| Metric | Value |
|---|---|
| Median Gross Rent | $1,015 |
| Median Home Value | $223,000 |
| Median Household Income | $58,933 |
| Total Housing Units | 27,583 |
| Renter-Occupied Units | 4,639 |
| Renter-Occupied Share | 17% |
| Households Paying 50%+ Income | 1,046 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| 1 BR | $573 | +0.0% |
| 2 BR | $897 | +0.0% |
| 3 BR | $1,141 | +0.0% |
| 4 BR | $1,556 | +0.0% |
| 5+ BR | $1,813 | +0.0% |
How does Valencia County, New Mexico compare?
Median gross rent ranked against all counties in New Mexico.
Higher rent than 73% of counties in New Mexico · 10th of 33
| # | County | Value |
|---|---|---|
| 1 | Sandoval County | $1,427 |
| 2 | Santa Fe County | $1,389 |
| 3 | Los Alamos County | $1,375 |
| … 6 more … | ||
| 10 | Valencia County(you are here) | $1,015 |
| … 20 more … | ||
| 31 | Luna County | $650 |
| 32 | Guadalupe County | $590 |
| 33 | De Baca County | $387 |
More data for Valencia County, New Mexico
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Frequently asked questions
What is the average rent in Valencia County, New Mexico?
The median gross rent in Valencia County, New Mexico is $1,015/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Valencia County, New Mexico?
The median rent for a 2-bedroom in Valencia County, New Mexico is $897/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$69. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Valencia County, New Mexico?
The median home value in Valencia County, New Mexico is $223,000 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Valencia County are rent-burdened?
In Valencia County, New Mexico, 1,046 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Valencia County, New Mexico?
The median household income in Valencia County, New Mexico is $58,933/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,015 has a margin of error of ±$70. In very small areas, MOEs can be large relative to the estimate.
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