Carlsbad housing market
Typical home value
$248K
▲ 3.1% 1 yr
Typical rent
$1,582/mo
▲ 8.1% 1 yr
12-month forecast
+1.8%
#317 of 546 metros
Gross rent yield
7.7%
#68 of 546 · U.S. 6.3%
Days to pending
46 days
▲ +6 days 1 yr
Listings with a price cut
18%
▼ −0.9 pts 1 yr
Key takeaways
- 1The typical home is worth $247,976, up 3.1% in a year and down 6% over five years.
- 2Zillow forecasts home values rising 1.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,582/mo (+8.1% YoY), a 7.7% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,363/mo in principal and interest, $219 less than renting.
- 5Homes go under contract in 46 days (+6 days vs last year); 18% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 50/100, #147 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Carlsbad compares
| Measure | Carlsbad | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.1% | +1.2% | #199 |
| Home value, 5-yr change | −5.7% | +19.7% | |
| 12-month forecast | +1.8% | +1.1% | #317 |
| Rent, 1-yr change | +8.1% | +2.7% | #31 |
| Gross rent yield | 7.7% | 6.3% | #68 |
| Price-to-rent ratio | 13.1 | 15.8 | |
| Mortgage P&I on typical home | $1,363 | $2,012 | |
| Days to pending | 46 | 56 |
Run the numbers
Rental property calculator
Cash flow on a typical Carlsbad rental ($248K, $1,582/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Carlsbad home.
Rent vs buy
Is it cheaper to rent or buy in Carlsbad?
Other New Mexico metros
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Hobbs, NM
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Roswell, NM
$171K home$1,263 rent8.8% yield
▲ 0.4% 1 yr
Clovis, NM
$160K home$1,305 rent9.8% yield
▲ 2.4% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.