housing costs · New Mexico
Housing costs in Torrance 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 | $872 | ± $37 | evidence → |
| 2019–2023 | $845 | ± $46 | evidence → |
| 2018–2022 | $731 | ± $48 | evidence → |
| 2017–2021 | $704 | ± $68 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $159,700 | ± $12,546 | evidence → |
| 2019–2023 | $145,100 | ± $16,978 | evidence → |
| 2018–2022 | $132,600 | ± $16,322 | evidence → |
| 2017–2021 | $121,100 | ± $11,561 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 19.9 % | ± 5.1 % | evidence → |
| 2019–2023 | 24.4 % | ± 8.9 % | evidence → |
| 2018–2022 | 25.7 % | ± 6.5 % | evidence → |
| 2017–2021 | 27.1 % | ± 7.6 % | evidence → |
In context
Median rent in Torrance County is $872, at 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.