Clovis, NM 88101 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Clovis, NM—88101

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$157,000

2.8% YoY Growth

Household Income

$55,300

18.9% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

-2.1%

Median Rent

$1,200

3.9% YoY Growth

1-Bed Rent

$750

14.2% YoY Growth

2-Bed Rent

$1,100

8.2% YoY Growth

3-Bed Rent

$1,400

2.1% YoY Growth

Home Price Trends — Clovis, NM

As of Dec '25, the median home price in Clovis, NM is $157,000, with a year-over-year change of -2.8%. This indicates that home prices in Clovis, NM are decreasing. According to Zillow, the 1-year price projection is -2.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$157,000	-2.8%
Single Family	$157,000	-3.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Clovis, NM

As of July '25, Rentcast reports the average rent in Clovis, NM is $1,240, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Clovis, NM is studios: $1,100, 1-bedrooms: $798, 2-bedrooms: $1,030, 3-bedrooms: $1,410, 4-bedrooms: $1,920. The most common rental property sizes in Clovis, NM are 3-bedroom and 2-bedroom, accounting for 36.6% and 31.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,240
Studio Rent	$1,100	$1,100
1 Bed Rent	$750	$798
2 Bed Rent	$1,100	$1,030
3 Bed Rent	$1,400	$1,410
4 Bed Rent	$1,900	$1,920

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% of Rental Stock

Studio

3.4%

1 Bedroom

17.2%

2 Bedrooms

31.2%

3 Bedrooms

36.6%

4 Bedrooms

11.0%

5+ Bedrooms

0.6%

Property Listings — Clovis, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in Clovis, NM is 73. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$224,000	-1.0%
Listing Count	275	14.0%
Listings as % of Homes	0.6%	14.0%
Days on Market	83	15.0%

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Demographics — Clovis, NM

As of the latest ACS Survey released in 2023, Clovis, NM has a population of 45,200, which has decreased by -3.9% over the past 5 years. Clovis, NM is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	45,200	-3.9%
% Under 18	27.0%	0.7%
% Seniors	12.2%	3.4%
% WFH	3.0%	172.7%
% w/ College Degree	21.3%	8.1%

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As of the latest ACS Survey released in 2023, Clovis, NM is a predominantly hispanic area, with 46.7% of the population identifying as hispanic. The hispanic population has grown by 11.2% in the last 5 years. The second most common race or ethnicity in Clovis, NM is white, making up 42.2% of the population. Foreign-born residents account for 8.0% of the population in Clovis, NM, and this percentage has decreased by 21.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	42.2%	-11.3%
% Black	5.9%	9.3%
% Hispanic	46.7%	11.2%
% Asian	1.6%	-5.9%
% Foreign Born	8.0%	-21.6%

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Mortgage and Risk — Clovis, NM

According to HUD data as of 2023, there were 623 mortgage originations in Clovis, NM, of which 31.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 65.0% above 90% LTV (very high). This implies large mortgage risk in Clovis, NM. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	623
% Conventional Loans	31.0%
% Government Loans	69.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Clovis, NM

Clovis, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1,064
Total Units Section 8	806
% Rentals under Section 8	N/A
% Occupied Section 8	76.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$60	$750	$810
2 Bedroom	-$120	$1,100	$980
3 Bedroom	-$150	$1,400	$1,250
4 Bedroom	-$250	$1,900	$1,650

Clovis, NM—88101

Key Metrics at a Glance

Home Price Trends — Clovis, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clovis, NM

% of Rental Stock

Property Listings — Clovis, NM

Demographics — Clovis, NM

Race and Ethnicity

Mortgage and Risk — Clovis, NM

Mortgages

Rentals and Section 8 — Clovis, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Clovis, NM

Home Price to Income Ratio

Clovis, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Pleasant Hill, NM

Portales, NM

Melrose, NM

Bellview, NM

Wheatland, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$157,000
Median Household Income	$55,300

Clovis, NM—88101

Key Metrics at a Glance

Home Price Trends — Clovis, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clovis, NM

% of Rental Stock

Property Listings — Clovis, NM

Demographics — Clovis, NM

Race and Ethnicity

Mortgage and Risk — Clovis, NM

Mortgages

Rentals and Section 8 — Clovis, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Clovis, NM

Home Price to Income Ratio

Clovis, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Pleasant Hill, NM

Portales, NM

Melrose, NM

Bellview, NM

Wheatland, NM

Frequently Asked Questions

What is the average home price in Clovis, NM 88101?

How have home prices in Clovis, NM 88101 changed over the past year?

What is the home price projection for Clovis, NM 88101?

What are the demographics of Clovis, NM 88101?

How long does it take homes to sell in Clovis, NM 88101?

What is the average rent price in Clovis, NM 88101?