Clovis housing market
Typical home value
$160K
▲ 2.4% 1 yr
Typical rent
$1,305/mo
▲ 5.6% 1 yr
12-month forecast
+1.3%
#367 of 546 metros
Gross rent yield
9.8%
#11 of 546 · U.S. 6.3%
Days to pending
88 days
▼ −4 days 1 yr
Listings with a price cut
21%
▼ −3.4 pts 1 yr
Key takeaways
- 1The typical home is worth $159,817, up 2.4% in a year and up 2% over five years.
- 2Zillow forecasts home values rising 1.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,305/mo (+5.6% YoY), a 9.8% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $878/mo in principal and interest, $427 less than renting.
- 5Homes go under contract in 88 days (−4 days vs last year); 21% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Clovis compares
| Measure | Clovis | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.4% | +1.2% | #260 |
| Home value, 5-yr change | +2.2% | +19.7% | |
| 12-month forecast | +1.3% | +1.1% | #367 |
| Rent, 1-yr change | +5.6% | +2.7% | #89 |
| Gross rent yield | 9.8% | 6.3% | #11 |
| Price-to-rent ratio | 10.2 | 15.8 | |
| Mortgage P&I on typical home | $878 | $2,012 | |
| Days to pending | 88 | 56 |
Cities in the Clovis metro
1 cities with home value and rent data.
| Clovis | $163K | ▲ 2.3% | $1,315 | ▲ 5.1% | 9.7% |
Run the numbers
Rental property calculator
Cash flow on a typical Clovis rental ($160K, $1,305/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Clovis home.
Rent vs buy
Is it cheaper to rent or buy in Clovis?
Other New Mexico metros
Albuquerque, NM
$349K home$1,490 rent5.1% yield
▲ 1.5% 1 yr
Las Cruces, NM
$285K home$1,472 rent6.2% yield
▼ 0.6% 1 yr
Santa Fe, NM
$549K home$1,953 rent4.3% yield
▲ 0.8% 1 yr
Farmington, NM
$274K home$1,399 rent6.1% yield
▲ 6.8% 1 yr
Hobbs, NM
$197K home$1,469 rent9.0% yield
▲ 3.0% 1 yr
Alamogordo, NM
$230K home$1,524 rent8.0% yield
▼ 1.8% 1 yr
Roswell, NM
$171K home$1,263 rent8.8% yield
▲ 0.4% 1 yr
Carlsbad, NM
$248K home$1,582 rent7.7% yield
▲ 3.1% 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.