Carlsbad, NM


Highest Appreciating Carlsbad Neighborhoods Since 2000

Carlsbad, NM Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Carlsbad Housing Market Information

With 28,957 people, 10,329 houses or apartments, and a median cost of homes of $125,983, house prices in Carlsbad are solidly below the national average.

Single-family detached homes are the single most common housing type in Carlsbad, accounting for 76.32% of the city's housing units. Other types of housing that are prevalent in Carlsbad include mobile homes or trailers ( 9.95%), large apartment complexes or high rise apartments ( 7.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carlsbad. Owner-occupied housing accounts for 67.67% of Carlsbad's homes, and 59.92% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Carlsbad's housing was primarily built during this period, from the '40s through the '60s. A full 54.93% of the city's housing hails from this era. Other housing ages represented in Carlsbad include homes built between 1970-1999 ( 32.26%) and housing constructed between 2000 and later ( 7.32%). There's also some housing in Carlsbad built before 1939 ( 5.49%).

Carlsbad Home Appreciation Rates

In the last 10 years, Carlsbad has experienced some of the highest home appreciation rates of any community in the nation. Carlsbad real estate appreciated 34.71% over the last ten years, which is an average annual home appreciation rate of 3.02%, putting Carlsbad in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Carlsbad definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Carlsbad that despite a nationwide downturn in the housing market, Carlsbad real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carlsbad appreciation rates continue to be some of the highest in America, at 5.69%, which is higher than appreciation rates in 71.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carlsbad. Carlsbad appreciation rates in the latest quarter were at 1.52%, which equates to an annual appreciation rate of 6.23%.

Relative to New Mexico, our data show that Carlsbad's latest annual appreciation rate is higher than 50% of the other cities and towns in New Mexico.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Carlsbad differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carlsbad - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Carlsbad real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,135,000 0.6
$851,001 - $1,135,000 0.1
$567,001 - $851,000 1.2
$454,001 - $567,000 1.1
$340,001 - $454,000 2.7
$227,001 - $340,000 10.4
$114,001 - $227,000 41.9
$57,001 - $114,000 31.0
$0 - $57,000 11.1

Average for NM
Low for Nation

Value Relative to Nation Value Relative to State
62.006328372202 45.6896551724138

Number Of Homes And Apartments:

Carlsbad Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
101.48% 4.14% 9 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,010 / per month

Homeownership Rate

Owners 67.67
Renters 32.33
Vacant 7.88

Housing Market Details


Age of Homes

2000 or Newer 7.3
1970 - 1999 32.3
1940 - 1969 54.9
1939 or Older 5.5

Types of Homes

Single-Family 76.3
Townhomes 1.6
Small Apt. Buildings 4.4
Apt. Complexes 7.8
Mobile Homes 10.0
Other 0.0

Home Size

No Bedroom 5.41
1 Bedroom 5.41
2 Bedrooms 28.20
3 Bedrooms 50.39
4 Bedrooms 9.53
5 or more bedrooms 1.05

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Zip Codes in Carlsbad, NM