Clovis, NM home prices
Typical home $159,817 · +2.4% in a year · income needed $43,700
The Clovis, NM metro area ranks 793 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.4% in a year and +2.2% over five years. With 20% down at 7.11%, the typical home costs about $1,019 a month including 0.59% property tax (Curry County rate).
Mortgage on the typical Clovis home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $31,963 | $127,853 | $860 | $0 | $159 | $1,019 | $43,700 |
| 10% down | $15,982 | $143,835 | $968 | $60 | $159 | $1,187 | $50,900 |
| 5% down | $7,991 | $151,826 | $1,021 | $63 | $159 | $1,244 | $53,300 |
| 3.5% down (FHA) | $5,594 | $156,922 | $1,056 | $71 | $159 | $1,285 | $55,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.59% 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 Clovis area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Curry County, NM | $159,828 | +2.4% | 0.59% |
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 Clovis?
The typical home in the Clovis, NM metro area is worth $159,817 (Zillow, September 2026).
What salary do you need to buy a house in Clovis?
About $43,700 a year for the typical home with 20% down at 7.11%.