Carlsbad, NM

Metro area in New Mexico · Updated Jan 2026

12-Month Forecast ↓ -4.3%

Median Home Value

$229,150

↓ -2.5%

Year-over-year

Median Rent

$1,739/mo

↑ +6.4%

Year-over-year

Rental Yield

9.1%

Excellent for investors

5-Year Appreciation

-5.8%

Active Listings

137

For-sale inventory

Price-to-Rent Ratio

11

Favors buying

Price Forecast

1 Month

↑ +0.6%

3 Months

↑ +0.2%

12 Months

↓ -4.3%

5-Year Price Trend

Calculate your mortgage for Carlsbad, NM

See monthly payments for a $229,150 home →

Should you rent or buy in Carlsbad, NM?

Price-to-rent ratio: 11x — Buying likely wins. Run a full breakeven analysis with Carlsbad, NM numbers pre-filled →

Frequently Asked Questions