Average Rent in Mora County, NM↑ Rents rising 6.4% YoY🔻 Cheapest in NM

Mora County, NM has rental prices ranging from $678/month to $1,549/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $764/month — 45% below the national average of $1,400/month. With a median household income of $50,178/year, spending $764/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Mora County Compares

With an average 2-bedroom rent of $933/month, Mora County ranks #30 most expensive of the 30 cities tracked in New Mexico — more affordable than 60% of all US cities in our data.

The Mora County Rental Market

The Mora County, NM area has a population of about 4,176 and 11% 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 Mora County, NM have risen by $56/month (6.4%) over the past year, from $877 to $933. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Mora County, NM without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,560. The local median household income of $50,178 exceeds that threshold by $19,618, making Mora County relatively accessible compared to local wages.

Economy & Jobs

Mora County, NM has an unemployment rate of 6.7%, 2.8 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.

Is Mora County, NM Affordable?

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

Rent or Buy in Mora County?

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

Living in Mora County

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