Median Home Price
$339,864.74
Median Rent
$1,477.86/mo
Price-to-Rent Ratio
19.2
Property Tax RateTIE
0.80%
Price Change (1Y)BETTER
+1.5%
Price Change (5Y)BETTER
+7.6%
Break-Even Years
N/A
10-Year Wealth Difference
$204,833
Median Home PriceBETTER
$153,885.47
Median RentBETTER
$1,259.28/mo
Price-to-Rent RatioBETTER
10.2
Property Tax RateTIE
0.80%
Price Change (1Y)
-4.6%
Price Change (5Y)
-22.9%
Break-Even YearsBETTER
14 years
10-Year Wealth DifferenceBETTER
$3,155
Key Differences
Home Prices
Albuquerque's median home price of $339,864.74 is higher than Clovis's $153,885.47 by 121%.
Monthly Rent
Renting in Albuquerque costs $1,477.86/mo compared to $1,259.28/mo in Clovis—a difference of $218.58/mo.
Buy vs Rent Verdict
Albuquerque favors renting, while Clovis favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.