RentData

Average Rent in Catron County, NM↑ Rents rising 1.8% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 3,685

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Catron County, NM has rental prices ranging from $842/month to $1,660/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $870/month — 38% below the national average of $1,400/month. With a median household income of $46,439/year, spending $870/month on a 1-bedroom represents 22% of gross income — within the recommended 30% threshold.

How Catron County Compares

With an average 2-bedroom rent of $1,059/month, Catron County ranks #16 most expensive of the 30 cities tracked in New Mexico — pricier than 57% of all US cities in our data.

The Catron County Rental Market

The Catron County, NM area has a population of about 3,685 and 12% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Catron County, NM have risen by $19/month (1.8%) over the past year, from $1,040 to $1,059. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Catron County, NM without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $34,800. The local median household income of $46,439 exceeds that threshold by $11,639, making Catron County relatively accessible compared to local wages.

Economy & Jobs

Catron County, NM has an unemployment rate of 7.4%, 3.5 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2027
Studio
$842
Affordable
1 Bedroom
$870
Affordable
2 Bedrooms
$1,059
↑1.8% YoY
Affordable
3 Bedrooms
$1,449
Average
4 Bedrooms
$1,660
Expensive
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Is Catron County, NM Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$42,360/year
Local median income: $46,439
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,059/month and 20% down on a — home at 7% rate.

Nearby Cities in NMlargest metros in the state

CityStudio1BR2BR3BRHome Value
Albuquerque$977$1,112$1,384$1,902—
Las Cruces$790$975$1,073$1,461—
Santa Fe$1,260$1,413$1,735$2,134—
Farmington$850$855$1,116$1,545—
Lea County$1,111$1,117$1,327$1,670—
McKinley County$794$911$1,140$1,358—

Rent or Buy in Catron County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Catron County data

$
Home Value
$350,000
2BR Rent
$1,059/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 3 years — worth it if you stay 3+ years.

Total monthly buy cost: $2,577/movs rent: $1,059/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Catron County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Catron County

Compare rent & home prices by neighborhood

💵Rent Affordability in Catron County

Salary needed to afford rent here

🗺️All Cities in NM

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⚖️Compare Catron County

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📋NM Tenant Rights

Deposit limits, eviction laws & renters protections