NEW MEXICO
Welcome to New Mexico!
Let New Mexico’s incredible landscapes inspire your next great beginning. It’s a state that invites you to ski, hike, and gaze at some of the clearest night skies you’ll ever see. Owning a home here means embracing a life where the thrill of adventure and the comfort of community go hand in hand.
Top CHIPs for New Mexico
The Best Community Home Investment Programs for you.
Don’t let financial worries stand in the way of your dream home. Explore how Community Home Investment Programs (CHIPs) can make homebuying easier for you. Through grants and other financial programs to boost your journey, you can get the support you need to confidently step into homeownership today.
Bankrate MFA FirstDown Plus down payment assistance loan
You can receive up to $15,000 to cover your down payment, offered at 0% interest and with no monthly payments for 10 years! Check your eligibility today!
Bankrate MFA DownPaymentAdvantage
Access up to $25,000 to cover your down payment and closing costs. The best part is, you don’t need to repay it after meeting simple conditions. Combine this program with FirstDown and HomeNow for even greater benefits!
Bankrate Rio Rancho Home Down Payment and Closing Cost Assistance Program
Secure $5,000 at zero interest to cover your upfront costs. Simply stay in your home for five years, and these funds become repayment-free. Explore homes within Rio Rancho city limits today!
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Housing New Mexico | New Mexico Mortgage Finance Authority (MFA) HomeForward DPA
Enjoy up to 3% of your home’s purchase price to reduce upfront costs. Perfect for new and repeat buyers, this program offers flexible repayment options, making homeownership achievable statewide. See if you qualify today.
Teacher Next Door National Home Buying Program New Mexico Teachers
This program offers up to $8,000 in grants and $15,000 for your down payment. Grants are 100% yours, with no repayment required. Choose any home on the market now!
Bankrate MFA FirstDown Plus down payment assistance loan
You can receive up to $15,000 to cover your down payment, offered at 0% interest and with no monthly payments for 10 years! Check your eligibility today!
Bankrate MFA DownPaymentAdvantage
Access up to $25,000 to cover your down payment and closing costs. The best part is, you don’t need to repay it after meeting simple conditions. Combine this program with FirstDown and HomeNow for even greater benefits!
Bankrate Rio Rancho Home Down Payment and Closing Cost Assistance Program
Secure $5,000 at zero interest to cover your upfront costs. Simply stay in your home for five years, and these funds become repayment-free. Explore homes within Rio Rancho city limits today!
Housing New Mexico | New Mexico Mortgage Finance Authority (MFA) HomeForward DPA
Enjoy up to 3% of your home’s purchase price to reduce upfront costs. Perfect for new and repeat buyers, this program offers flexible repayment options, making homeownership achievable statewide. See if you qualify today.
Teacher Next Door National Home Buying Program New Mexico Teachers
This program offers up to $8,000 in grants and $15,000 for your down payment. Grants are 100% yours, with no repayment required. Choose any home on the market now!
👥
Total Population
2,117,522
🗺️
Land area in square miles
121,312.7 square miles
📊
Rank of State by size
5
📍
State Capital
Santa Fe
💰
Median household income
$62,268
💵
Median home sale price
$565,030
🏘️
Total Housing Units
856,580
👥
Total Population
2,117,522
🗺️
Land area in square miles
121,312.7 square miles
📊
Rank of State by size
5
📍
State Capital
Santa Fe
💰
Median household income
$62,268
💵
Median home sale price
$565,030
🏘️
Total Housing Units
856,580
Census Data Snapshot for New Mexico
Crucial statistics and data about the state of New Mexico.
New Mexico offers wide open spaces, vibrant culture, and a lifestyle that blends adventure with relaxation. These key stats give you a clear view of the state’s population, home prices, and income levels. It’s a helpful snapshot for planning your next move with both budget and lifestyle in mind.
Climate Overview
What’s the weather like in the state of New Mexico?
If you’re dreaming of dry, sunny days and cool evenings, New Mexico delivers. The state sees little rain and enjoys comfortable temperatures in every season. This snapshot helps you understand how the weather supports everything from hiking trails to cozy nights at home.
Major Industries and Employment
What’s driving the economy of New Mexico?
New Mexico offers the perfect blend of career opportunity and a comfortable pace of life. The diverse job market is creating exciting roles for professionals, while the affordable cost of living allows you to thrive outside of work.
Largest Employer in State
- Employer: University of New Mexico
- Industry: Public University/Higher Education
- Employer Headcount: 33,390
Total Employer Establishments
🏢 43,953
As of June 2025
Employment Type
Employee of private company workers
Self-employed in own incorporated business workers
Private not-for-profit wage and salary workers
Local, state, and federal government workers
Self-employed in own not incorporated business workers and unpaid family workers
Occupation
Management, business, science and arts occupations
Sales and office occupations
Service occupations
Production, transportation, and material moving occupations
Natural resources, construction, and maintenance occupations
As of June 2025
Home Affordability
Learn if you can afford a home in New Mexico
New Mexico’s housing market is gaining momentum, offering more chances for buyers to find their perfect home. With growing options and increasing accessibility, it’s a great time to start your search. Opportunity is waiting across cities, suburbs, and scenic small towns.
Cities By Population
What are the biggest cities in New Mexico in terms of population?
New Mexico’s top cities offer a unique mix of culture, opportunity, and comfort. These population rankings help you see where growth is happening and where life is thriving. Whether you’re seeking city living or a quieter pace, this list is a great starting point.
City
Rank
Population as of 2025
Albuquerque
1
557,198
Las Cruces
2
117,021
Rio Rancho
3
114,811
Santa Fe
4
90,125
Roswell
5
46,229
Farmington
6
46,061
Hobbs
7
38,538
Clovis
8
37,011
South Valley
9
36,757
Alamogordo
10
31,516
School Rankings and
District Information
What are the best schools in New Mexico?
New Mexico offers great opportunities for learning at every level. With strong schools in many areas, you can find a home that supports your family’s educational goals.
Homes for Sale
Let’s find your dream home in New Mexico.
Whether you’re looking for a traditional adobe, a roomy modern home, or a vibrant condo in the city, New Mexico has something for every style and price point.
State Fun Facts
Learn some fun trivia about the state of New Mexico.
There’s a reason they call it the Land of Enchantment. Here’s why!
Famous People from New Mexico
Who are the well-known personalities from New Mexico?
Meet the actors, athletes, and artists who proudly trace their roots back to New Mexico.
Agency
Website
New Mexico Mortgage Finance Authority (MFA)
New Mexico Department of Veterans Services (NMDVS)
New Mexico Department of Finance and Administration (DFA)
New Mexico Environment Department (NMED)
New Mexico Department of Health (NMDOH)
Government Resources
Find more information about housing and real estate in New Mexico.
For those seeking more information on housing and real estate, these government resources are invaluable:
Agency
Website
New Mexico Mortgage Finance Authority (MFA)
New Mexico Department of Veterans Services (NMDVS)
New Mexico Department of Finance and Administration (DFA)
New Mexico Environment Department (NMED)
New Mexico Department of Health (NMDOH)
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