Carlsbad, NM—88220
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carlsbad, NM
As of Oct '25, the median home price in Carlsbad, NM is $231,000, with a year-over-year change of 0.5%. This indicates that home prices in Carlsbad, NM are flat. According to Zillow, the 1-year price projection is -2.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 0.5% |
| Single Family | $232,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $179,000 | 9.1% |
3 Bed | $278,000 | 6.1% |
4 Bed | $398,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Carlsbad, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Carlsbad, NM is 48. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $295,000 | 12.0% |
Listing Count | 152 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 48 | -5.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Carlsbad, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $231,000 |
| Median Household Income | $79,700 |