housing costs · New Mexico
Housing costs in Otero County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $962 | ± $61 | evidence → |
| 2019–2023 | $926 | ± $49 | evidence → |
| 2018–2022 | $882 | ± $37 | evidence → |
| 2017–2021 | $826 | ± $55 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $162,700 | ± $7,486 | evidence → |
| 2019–2023 | $149,500 | ± $8,981 | evidence → |
| 2018–2022 | $139,100 | ± $9,001 | evidence → |
| 2017–2021 | $123,000 | ± $6,669 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 28.7 % | ± 2.0 % | evidence → |
| 2019–2023 | 28.4 % | ± 1.8 % | evidence → |
| 2018–2022 | 27.9 % | ± 1.6 % | evidence → |
| 2017–2021 | 28.8 % | ± 1.4 % | evidence → |
In context
Median rent in Otero County is $962, above the New Mexico median of $872 across 33 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.