Clovis, NM housing market
Typical home value
$163K
▲ 2.3% 1 yr
Typical rent
$1,315/mo
▲ 5.1% 1 yr
Gross rent yield
9.7%
U.S. 6.3%
5-year home value change
+7%
U.S. +20%
Key takeaways
- 1The typical home in Clovis is worth $162,649, up 2.3% over the past year and up 7% over five years.
- 2Typical rent is $1,315 a month (+5.1% YoY), a gross rent yield of 9.7% (below the Clovis, NM metro's 9.8%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $894/mo, $421 less than typical rent.
- 4Zillow forecasts the Clovis, NM metro's home values to change +1.3% over the next 12 months.
Market temperature (Clovis, NM metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 45/100, #214 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Clovis compares
| Measure | Clovis | Clovis, NM metro | United States |
|---|---|---|---|
| Typical home value | $162,649 | $159,817 | $366,157 |
| Home value, 1-yr change | +2.3% | +2.4% | +1.2% |
| Typical rent | $1,315 | $1,305 | $1,932 |
| Rent, 1-yr change | +5.1% | +5.6% | +2.7% |
| Gross rent yield | 9.7% | 9.8% | 6.3% |
| Price-to-rent ratio | 10.3 | 10.2 | 15.8 |
| Mortgage P&I, typical home | $894 | $878 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Clovis rental, pre-filled.
Rent vs buy in Clovis
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $163K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.