Carlsbad, NM home prices
Typical home $247,976 · +3.1% in a year · income needed $67,100
The Carlsbad, NM metro area ranks 458 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.1% in a year and -5.7% over five years. With 20% down at 7.11%, the typical home costs about $1,565 a month including 0.52% property tax (Eddy County rate).
Mortgage on the typical Carlsbad home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $49,595 | $198,381 | $1,335 | $0 | $230 | $1,565 | $67,100 |
| 10% down | $24,798 | $223,179 | $1,501 | $93 | $230 | $1,825 | $78,200 |
| 5% down | $12,399 | $235,578 | $1,585 | $98 | $230 | $1,913 | $82,000 |
| 3.5% down (FHA) | $8,679 | $243,485 | $1,638 | $110 | $230 | $1,978 | $84,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.52% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Carlsbad area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Eddy County, NM | $247,965 | +3.1% | 0.52% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Carlsbad?
The typical home in the Carlsbad, NM metro area is worth $247,976 (Zillow, September 2026).
What salary do you need to buy a house in Carlsbad?
About $67,100 a year for the typical home with 20% down at 7.11%.