Carlsbad, NM 88220 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Carlsbad, NM—88220

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$234,000

0.3% YoY Growth

Household Income

$79,700

17.9% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

-2.3%

Median Rent

$2,500

29.2% YoY Growth

1-Bed Rent

$2,400

26.5% YoY Growth

2-Bed Rent

$2,200

19.9% YoY Growth

3-Bed Rent

$2,700

28.8% YoY Growth

Home Price Trends — Carlsbad, NM

As of Dec '25, the median home price in Carlsbad, NM is $234,000, with a year-over-year change of -0.3%. This indicates that home prices in Carlsbad, NM are flat. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$234,000	-0.3%
Single Family	$234,000	-1.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Carlsbad, NM

As of July '25, Rentcast reports the average rent in Carlsbad, NM is $2,480, with a year-over-year rent change of 29.2%. Per bedroom, the median rent as of July '25 in Carlsbad, NM is studios: $6,000, 1-bedrooms: $1,960, 2-bedrooms: $2,230, 3-bedrooms: $2,680, 4-bedrooms: $3,030. The most common rental property sizes in Carlsbad, NM are 3-bedroom and 1-bedroom, accounting for 39.3% and 25.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,480
Studio Rent	$6,000	$6,000
1 Bed Rent	$2,400	$1,960
2 Bed Rent	$2,200	$2,230
3 Bed Rent	$2,700	$2,680
4 Bed Rent	$3,000	$3,030

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% of Rental Stock

Studio

6.8%

1 Bedroom

25.2%

2 Bedrooms

24.1%

3 Bedrooms

39.3%

4 Bedrooms

1.5%

5+ Bedrooms

3.0%

Property Listings — Carlsbad, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in Carlsbad, NM is 56. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$307,000	-7.0%
Listing Count	137	1.0%
Listings as % of Homes	0.6%	1.0%
Days on Market	65	-1.0%

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Demographics — Carlsbad, NM

As of the latest ACS Survey released in 2023, Carlsbad, NM has a population of 40,200, which has increased by 9.4% over the past 5 years. Carlsbad, NM is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	40,200	9.4%
% Under 18	24.0%	-2.8%
% Seniors	16.0%	15.1%
% WFH	6.4%	300.0%
% w/ College Degree	20.4%	22.2%

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As of the latest ACS Survey released in 2023, Carlsbad, NM is a predominantly hispanic area, with 48.1% of the population identifying as hispanic. The hispanic population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Carlsbad, NM is white, making up 45.9% of the population. Foreign-born residents account for 5.9% of the population in Carlsbad, NM, and this percentage has increased by 11.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	45.9%	-7.1%
% Black	2.2%	22.2%
% Hispanic	48.1%	3.4%
% Asian	0.7%	16.7%
% Foreign Born	5.9%	11.3%

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Mortgage and Risk — Carlsbad, NM

According to HUD data as of 2023, there were 537 mortgage originations in Carlsbad, NM, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Carlsbad, NM. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	537
% Conventional Loans	56.0%
% Government Loans	44.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Carlsbad, NM

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

Section 8 Market Size

Total Units under HUD	336
Total Units Section 8	313
% Rentals under Section 8	N/A
% Occupied Section 8	87.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$1,420	$2,400	$980
2 Bedroom	-$1,120	$2,200	$1,080
3 Bedroom	-$1,270	$2,700	$1,430
4 Bedroom	-$1,510	$3,000	$1,490

Carlsbad, NM—88220

Key Metrics at a Glance

Home Price Trends — Carlsbad, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carlsbad, NM

% of Rental Stock

Property Listings — Carlsbad, NM

Demographics — Carlsbad, NM

Race and Ethnicity

Mortgage and Risk — Carlsbad, NM

Mortgages

Rentals and Section 8 — Carlsbad, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Carlsbad, NM

Home Price to Income Ratio

Carlsbad, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Artesia, NM

Pierce Canyon Crossing, NM

Cole Place, NM

Espuela, NM

Salt Flat, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$234,000
Median Household Income	$79,700

Carlsbad, NM—88220

Key Metrics at a Glance

Home Price Trends — Carlsbad, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carlsbad, NM

% of Rental Stock

Property Listings — Carlsbad, NM

Demographics — Carlsbad, NM

Race and Ethnicity

Mortgage and Risk — Carlsbad, NM

Mortgages

Rentals and Section 8 — Carlsbad, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Carlsbad, NM

Home Price to Income Ratio

Carlsbad, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Artesia, NM

Pierce Canyon Crossing, NM

Cole Place, NM

Espuela, NM

Salt Flat, TX

Frequently Asked Questions

What is the average home price in Carlsbad, NM 88220?

How have home prices in Carlsbad, NM 88220 changed over the past year?

What is the home price projection for Carlsbad, NM 88220?

What are the demographics of Carlsbad, NM 88220?

How long does it take homes to sell in Carlsbad, NM 88220?

What is the average rent price in Carlsbad, NM 88220?