In Carlsbad, a typical home is worth $200,000 and typical rent is $1,236 a month. Compared with all of Eddy County, typical household income is 8% lower and the typical home value is 6% lower.
Typical home value from Zillow, September 2021 to September 2026: from $266,762 to $252,936.
Typical rent
$1,596a month
Typical rent from Zillow, December 2025 to September 2026: from $1,569 to $1,596.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Carlsbad is in Eddy County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Eddy County. See the county
What this place has that others do not, from public data, most unusual first.
1
Carlsbad has the 2nd smallest share of rent-burdened renters of the 37 cities in New Mexico with more than 5,000 people (33%).
2
Nearby, in Roswell, the typical rent is $876: 29% less than in Carlsbad ($1,236).
3
Nearby, in Roswell, the typical home value is $152,600: 24% less than in Carlsbad ($200,000).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Carlsbad
What homes there are in Carlsbad, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Carlsbad
Eddy County
New Mexico
United States
Kind of home: Carlsbad and its comparisons
Measure
Carlsbad
Eddy County
New Mexico
United States
Detached house
75%
71%
65%
61%
Attached house
Unreliable estimate
2%
4%
6%
Building of 2 to 4
5%
4%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
10%
19%
Mobile home
10%
15%
16%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses, standing on their own, make up 75% of homes here, against 71% in Eddy County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Carlsbad
Eddy County
New Mexico
United States
Year built: Carlsbad and its comparisons
Measure
Carlsbad
Eddy County
New Mexico
United States
Before 1960
32%
26%
17%
26%
1960–1979
27%
24%
26%
24%
1980–1999
18%
23%
32%
25%
2000–2009
Unreliable estimate
8%
16%
14%
2010 or later
20%
19%
10%
11%
The typical home in Carlsbad was built in 1973, 7 years before the typical one in Eddy County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K16%
$100K–$200K34%
$200K–$300K25%
$300K–$500K18%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Carlsbad and its comparisons
Measure
Carlsbad
Under $100K
16%
$100K–$200K
34%
$200K–$300K
25%
$300K–$500K
18%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
With an FHA limit of $541,287, at least 93% of owner-occupied homes in Carlsbad sit below it: they are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50013%
$500–$99923%
$1,000–$1,49944%
HUD fair market rent, 2 bedrooms: $1,252
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Carlsbad and its comparisons
Measure
Carlsbad
Under $500
13%
$500–$999
23%
$1,000–$1,499
44%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
Measured against HUD's 2-bedroom fair market rent ($1,252), about 58% of rented homes in Carlsbad cost less.
With a mortgage
$1,514 a month
Eddy County: $1,579 a month
Without a mortgage
$422 a month
Eddy County: $425 a month
Owners with a mortgage
48%
Eddy County: 48%
The typical cost for an owner with a mortgage in Carlsbad is $1,514 a month, near the figure in Eddy County ($1,579).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Carlsbad+42%
Eddy County+36%
New Mexico+45%
United States+53%
Typical rent
Carlsbad+22%
Eddy County+32%
New Mexico+26%
United States+33%
Typical household income
CarlsbadNo clear change
Eddy County+20%
New Mexico+29%
United States+29%
Change since 2015–2019: Carlsbad and its comparisons
Measure
Carlsbad
Eddy County
New Mexico
United States
Typical home value
+42%
+36%
+45%
+53%
Typical rent
+22%
+32%
+26%
+33%
Typical household income
No clear change
+20%
+29%
+29%
Since 2015–2019, homes in Carlsbad gained value faster than in Eddy County: 42% against 36%.
Since 2015–2019, the typical rent in Carlsbad rose 22%, less than in Eddy County (32%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Carlsbad and its comparisons
Measure
Carlsbad
Eddy County
New Mexico
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.9%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.0%
0.9%
More than one person per room
Unreliable estimate
3.1%
3.3%
3.4%
People per household
2.48
2.54
2.48
2.53
Drive alone
80%
80%
74%
69%
Carpool
10%
11%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
2%
3%
Work from home
6%
7%
12%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
By size, households in Carlsbad look like those in Eddy County: 2.48 people on average.
To get to work, 80% of workers in Carlsbad drive alone; in Eddy County, 80%.
Do the math
What would you pay each month for a home in Carlsbad?
A typical home is within reach of the typical income
We start with a typical home in Carlsbad, worth $200,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Carlsbad, which is $72,306 a year.
The calculator's FHA and conventional loan limits are those of all of Eddy County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Carlsbad. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,000 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,590
at 7.18% · 30 years
Loan amount
$196,378
Total interest
$282,541
Paid off in
November 2056
Includes $3,378 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,687 a month
Your payment · 26%
Tight
$1,687 to $2,169 a month
Hard
more than $2,169 a month
Compared with the typical household income in Carlsbad ($72,306 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,330
Property tax
$88
Home insurance
$83
FHA mortgage insurance (MIP)
$88
You need at least $7,000 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,590; principal and interest $1,330.
The city and its county
Carlsbad and Eddy County
Carlsbad is in Eddy County, New Mexico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Carlsbad
Map of Eddy County, New Mexico, with Carlsbad marked. Around it, the neighboring counties.
Carlsbad
Eddy County
Other cities with a page
Carlsbad's own numbers
Typical home value
$200,000
Typical monthly rent
$1,236
Typical yearly household income
$72,306
Households that own their home
70%
Effective property tax rate
0.53%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Eddy County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,252
Price change over 5 years (FHFA)
+27%
Homes in a high flood-risk zone
8.1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Eddy County.
A typical home in Carlsbad is worth $200,000: 6% below the county and 19% below New Mexico. With the typical household income in Carlsbad ($72,306 a year), a typical home costs 2.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Carlsbad2.8 years
Eddy2.7 years
New Mexico3.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Eddy County
According to FHFA’s house price index, home prices in Eddy County rose 63% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Eddy County.
Yearly change in FHFA’s price index in Eddy County, 2016 to 2025
2016: +2.6% +2.6% 2016
2017: +3.1% +3.1% 2017
2018: +6.8% +6.8% 2018
2019: +8.8% +8.8% 2019
2020: +4.6% +4.6% 2020
2021: +3.9% +3.9% 2021
2022: +5.1% +5.1% 2022
2023: +3.7% +3.7% 2023
2024: +6.3% +6.3% 2024
2025: +5.4% +5.4% 2025
Change in FHFA’s price index in Eddy County, New Mexico and the United States
Period
County
New Mexico
U.S.
Last year (2025)
+5.4%
+3.1%
+2.9%
5 years (2020–2025)
+27%
+50%
+47%
10 years (2015–2025)
+63%
+82%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Carlsbad next to Eddy County, New Mexico and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Carlsbad$200,000
Eddy$212,600
New Mexico$248,100
United States$332,700
Typical monthly rent
Carlsbad$1,236
Eddy$1,245
New Mexico$1,067
United States$1,413
Typical yearly household income
Carlsbad$72,306
Eddy$78,426
New Mexico$64,059
United States$80,734
See the full table
Carlsbad next to Eddy County and New Mexico
Measure
Carlsbad
Eddy County
New Mexico
U.S.
Typical home value
$200,000 ▼6% below the county
$212,600
$248,100
$332,700
Typical monthly rent
$1,236
$1,245
$1,067
$1,413
Typical yearly household income
$72,306 ▼8% below the county
$78,426
$64,059
$80,734
Households that own their home
70% ▼3 points below the county
73%
70%
65%
Typical yearly property tax
$1,066 ▼3% below the county
$1,095
$1,731
$3,119
Effective property tax rate
0.53% ▲0.01 points above the county
0.52%
0.7%
0.94%
Renters with high rent for their income
33% ▼4 points below the county
36%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Eddy County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Carlsbad
For a typical $200,000 home in Carlsbad, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Carlsbad's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,590a month
Least cash to close
Down payment
$7,000
Cash to close
$13,000
Rate
7.18%
Mortgage insurance
FHA MIP · $88
Conventional, 5% down$1,554a month
Down payment
$10,000
Cash to close
$16,000
Rate
7.18%
Mortgage insurance
PMI · $95
Conventional, 20% down, no PMI$1,256a month
Down payment
$40,000
Cash to close
$46,000
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,440a month
Down payment
$30,000
Cash to close
$36,000
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Carlsbad
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,590
$7,000
$196,378
7.18%
FHA MIP · $88
$13,000
580
Conventional, 5% down
$1,554
$10,000
$190,000
7.18%
PMI · $95
$16,000
620*
Conventional, 20% down, no PMI
$1,256
$40,000
$160,000
7.18%
None
$46,000
620*
ITIN, 15% down (example)
$1,440
$30,000
$170,000
8.18%
None
$36,000
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Carlsbad and for Eddy County.
Property tax
Effective rate in Carlsbad
0.53%of the home’s value each year
$1,066 a year for the typical owner in Carlsbad.
Carlsbad0.53%
Eddy0.52%
New Mexico0.7%
What New Mexico publishes3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))
Typical rent in Carlsbad is $1,236 a month: about the same as the county. In Carlsbad, 33% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Eddy County, by unit size. To pay the 2-bedroom one ($1,252 a month) without spending more than 30% of your income, you would need to earn $24.08 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Eddy County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,053
$20.25
$42,120
1 bedroom
$1,150
$22.12
$46,000
2 bedrooms
$1,252
$24.08
$50,080
3 bedrooms
$1,734
$33.35
$69,360
4 bedrooms
$1,855
$35.67
$74,200
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Carlsbad
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Carlsbad is in ZIP code 88220.
For 2 bedrooms it is $1,280: $28 more than the fair market rent for Eddy County ($1,252).
Fair market rent by ZIP code and size in Carlsbad, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
88220
$1,080
$1,180
$1,280
$1,770
$1,900
ZIP code2 bd3 bd
88220 $1,280$1,770
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Carlsbad when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 8 buildings with rents for lower incomes in Carlsbad. These are the largest.
Mission La Posada Apartments805 and 710 Hueco Street, Carlsbad 8822080 low-income homes · 1 bd: 40 · 2 bd: 32 · 3 bd: 8 · In service since 2019 · For people experiencing homelessness
Colonial Hillcrest604 N 5th St, Carlsbad 8822075 homes, 74 low-income · For families(575) 885-3816
Mesa Grande4601 Forrest Dr, Carlsbad 8822072 low-income homes · 1 bd: 20 · 2 bd: 20 · 3 bd: 32 · In service since 1998
Mission Apartments805 Hueco St, Carlsbad 8822068 low-income homes · For families(575) 885-8204
Villa San Jose415 Del Rio St, Carlsbad 8822060 low-income homes · For older adults(575) 894-2244
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Eddy County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Carlsbad or Eddy County. The ones below are statewide in New Mexico: they work in Carlsbad the same as in the rest of the state.
New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
No legal help resource on our list is for Carlsbad or Eddy County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Carlsbad and all of Eddy County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Carlsbad?
The typical home value in Carlsbad is $200,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Eddy County it is $212,600.
How much does it cost to rent in Carlsbad?
Typical rent in Carlsbad is $1,236 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Eddy County is $1,252.
What is the FHA loan limit in Carlsbad?
Carlsbad uses the FHA limit for all of Eddy County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Carlsbad?
The typical homeowner in Carlsbad pays $1,066 a year, according to the U.S. Census Bureau. That is 0.53% of the home’s value; in Eddy County, the rate is 0.52%.
Where can I find free help to buy or rent in Carlsbad?
We found no HUD-approved counseling agencies with an office in Eddy County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
