Market Overview
Home Prices in Carlsbad, NM
The median home value in Carlsbad, NM is $259,005 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carlsbad are priced37% below average. Carlsbad is part of the Carlsbad-Artesia, NM metro area.
Over the past five years, Carlsbad home values have fallen by approximately7.5%, reflecting softening conditions in this market.
Price History
Carlsbad Home Price Trend
City Comparison
Carlsbad vs. National Median
At $259,005, homes in Carlsbad cost 37% below the national median of $410,000. This makes Carlsbad a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Carlsbad?
20% Down Payment
$51,801
on $259,005
Monthly P&I
$1,351/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,716/mo
incl. taxes & insurance
Income Needed
$68,640
gross annual (30% rule)
10% Down Option
$25,901
+ PMI applies
Loan Amount (20% dn)
$207,204
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Carlsbad, NM?
The median home value in Carlsbad is $259,005 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Carlsbad?
Over the past year, home values in Carlsbad have increased by 1.1%. Over five years, prices have fallen approximately 7.5%.
How much do I need to earn to buy a home in Carlsbad?
To comfortably afford the median home price of $259,005 with a 20% down payment ($51,801) at today's rates (6.8%), you'd need a gross annual income of approximately $68,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Carlsbad compare to the national average home price?
The national median home value is approximately $410,000. At $259,005, homes in Carlsbad are 37% below the national average.
What metro area is Carlsbad part of?
Carlsbad is part of the Carlsbad-Artesia, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.