Tucumcari, NM—88401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tucumcari, NM
Tucumcari, NM lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $78,000 | -6.5% |
| Single Family | $78,000 | -6.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $53,000 | -20.9% |
3 Bed | $103,000 | -1.9% |
4 Bed | $174,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tucumcari, NM
As of July '25, Rentcast reports the average rent in Tucumcari, NM is $698, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Tucumcari, NM is studios: $600, 1-bedrooms: $650, 2-bedrooms: $845. The most common rental property sizes in Tucumcari, NM are 1-bedroom and 2-bedroom, accounting for 31.9% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $698 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $845 | $845 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Tucumcari, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Tucumcari, NM is 126. This is a increase of 21.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $197,000 | -3.0% |
Listing Count | 24 | 10.0% |
| Listings as % of Homes | 0.2% | 10.0% |
Days on Market | 126 | 21.0% |
Demographics — Tucumcari, NM
As of the latest ACS Survey released in 2023, Tucumcari, NM has a population of 6,690, which has increased by 3.2% over the past 5 years. Tucumcari, NM is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,690 | 3.2% |
% Under 18 | 22.1% | -7.9% |
% Seniors | 20.0% | -17.0% |
% WFH | 3.9% | -42.6% |
% w/ College Degree | 20.6% | 49.3% |
As of the latest ACS Survey released in 2023, Tucumcari, NM is a predominantly hispanic area, with 52.9% of the population identifying as hispanic. The hispanic population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Tucumcari, NM is white, making up 40.5% of the population. Foreign-born residents account for 1.4% of the population in Tucumcari, NM, and this percentage has decreased by 56.2% 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 | 40.5% | -7.7% |
% Black | 2.0% | 0.0% |
% Hispanic | 52.9% | 3.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.4% | -56.2% |
Mortgage and Risk — Tucumcari, NM
According to HUD data as of 2023, there were 29 mortgage originations in Tucumcari, NM, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Tucumcari, NM. Investor activity is low, as 0.0% of loans were by investors. 34.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 34.0% |
Loan Activity
Rentals and Section 8 — Tucumcari, NM
Tucumcari, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 230 |
Total Units Section 8 | 131 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 67.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $650 | $710 |
| 2 Bedroom | $85 | $845 | $930 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Tucumcari, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $78,000 |
| Median Household Income | $46,800 |