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Market MapCarlsbad, NM
Metropolitan Area

Carlsbad, NM

New Mexico0
68
/100
Buy
#257 of 894 metros
Top 29% nationally for investing

Market Snapshot

$229,075
Median Home Price
6% below national median
$2,209/mo
Median Rent
59% above national median
11.57%
Rent-to-Price Ratio
Top 1% nationally
+$235
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$229,075
Down Payment (20%)$45,815
Loan Amount$183,260
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$2,209
Monthly P&I-$1,201
Est. Expenses (35%)-$773
Net Cash Flow+$235/mo
7.5%
Cap Rate (all cash)
5.3%
Cash-on-Cash Return
11.57%
Rent-to-Price Ratio

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
68/100
68
Cash Flow(30%)
100/100

Based on 11.57% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
38/100

Based on -2.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
81/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (11.57%)
  • +Positive cash flow potential (+$235/mo)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Declining home values (-2.0% YoY)

Counties in Carlsbad, NM

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Decatur, IL
Decatur, IL
85$118,242$1,02110.36%Strong BuyView
Connersville, IN
Connersville, IN
82$158,083Est.Strong BuyView
Paducah, KY
Paducah, KY
82$165,710$1,2919.35%Strong BuyView
Indiana, PA
Indiana, PA
82$158,790$1,37610.40%Strong BuyView
Enid, OK
Enid, OK
81$137,435$1,0769.39%Strong BuyView
Current
Carlsbad, NM
68$229,075$2,20911.57%Buy

The Bottom Line

BuyCarlsbad, NM offers solid investment potential with good cash flow or appreciation prospects.

The Carlsbad, NM metro area scores 68/100, ranking #257 of 894 US metros (top 29%). The 11.57% rent-to-price ratio exceeds the 1% rule target, suggesting strong cash flow potential across the metro. At current rates with 20% down, a median-priced property could generate approximately $235/month in cash flow.

Monthly Cash Flow
+$235/mo
Cap Rate
7.5%
Cash-on-Cash
6.2%

Ready to Invest in Carlsbad, NM?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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