RentData

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

HUD FY2025 · Official government data · Updated annually · Metro pop. 3,685

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Catron 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 $46,439/year, spending $764/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Catron County Compares

With an average 2-bedroom rent of $933/month, Catron 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 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 $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 Catron 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 $46,439 exceeds that threshold by $15,879, 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 FY2025
Studio
$678
Affordable
1 Bedroom
$764
Affordable
2 Bedrooms
$933
6.4% YoY
Affordable
3 Bedrooms
$1,273
Average
4 Bedrooms
$1,549
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
$37,320/year
Local median income: $46,439
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $933/month and 20% down on a home at 7% rate.

Nearby Cities in NMlargest metros in the state

CityStudio1BR2BR3BRHome Value
Albuquerque$913$1,084$1,331$1,865
Las Cruces$741$940$1,041$1,447
Santa Fe$1,235$1,368$1,627$2,057
Farmington$841$855$1,034$1,449
Lea County$806$862$1,131$1,397
McKinley County$652$799$951$1,169

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
$933/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $933/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

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💵Rent Affordability in Catron County

Salary needed to afford rent here

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📋NM Tenant Rights

Deposit limits, eviction laws & renters protections