Counties / New Mexico / Roosevelt County

Roosevelt County, NM

FIPS 35041 · population 18,928 · part of Clovis, NM

$148k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$148k
▲ 0.4% year over year
Zillow ZHVI · direct
Median asking rent
$862
▲ 2.4% year over year
Zillow ZORI · direct
Gross yield
7.0%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$975
market rent is 0.88x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+34.4%not annualized · through 2025
0%ZILLOW ZHVI2026-06+0.4%FHFA HPI2025+5.8%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$136k
Surveyed gross rent$898
Rent burden 30%+45.8%
Median year built1977
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
13.2%vacant
8,577estimated housing units
Occupied tenure39.4% renter
owner 60.7%renter 39.4%
Structure mix69.7% single-family
Single-family 69.7%20+ units 1.4%Mobile home 18.2%Other 10.8%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs5,870▼ 1.1% from the prior annual release
Covered establishments485annual average reporting locations
Average weekly wage$908▲ 4.4% from the prior annual release
Largest private supersectorTrade, transportation, and utilities27.5% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−1.1%WEEKLY WAGE+4.4%Trade, transportation, and utilities27.5%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Roosevelt County has an income-versus-resale-depth tension. The Zillow county observation labeled 2026-06 places median home value at $147,590 and median asking rent at $862 monthly, with a stated 7.01% gross yield before costs. That makes cash-flow underwriting worth investigating, while buyers dependent on quick resale, deep buyer pools, or steady job growth should be cautious. County figures do not establish a specific property’s achievable rent, condition, or financing terms.

02Housing economics

Measured asking rent, rather than HUD Fair Market Rent, supports the stated yield calculation. HUD’s two-bedroom FMR is a payment standard, not an estimate of asking rent. The effective property-tax rate is 0.45%, a carrying-cost input that must be paired with parcel-level assessments. Zillow’s labeled home-value observation was up 0.41% year over year, whereas the FHFA repeat-transaction HPI annual observation for 2025 rose 5.81%. Those are different vintages and methods; the FHFA index is not a home value, and the measures should not be averaged.

03Demand & competition

Realtor.com’s MLS listing-market evidence shows 55 active listings, down 23.08% year over year, while 13.49% of listings had price reductions. This indicates less visible supply alongside seller concessions, not closed-sale pricing or proof of buyer demand. Annual QCEW covered employment at county workplaces declined 1.10%; Trade, transportation, and utilities was the largest disclosed private supersector, not the whole economy. Net tax-return migration was negative by 21 households, and incoming movers’ average AGI was $8,376 below that of outgoing movers. The 6.08% investor share records non-owner-occupant purchase mortgages, but not cash buyers or all buyer competition.

04Risk & next checks

Risk screening should center on inland flood exposure: modeled annual climate loss equals 0.52% of building value. That measure is modeled expected loss, not a property insurance quote or a recorded loss history. Flood-zone status, elevation, prior claims, coverage availability, and insurance pricing are not published here; without them, net yield and resilience cannot be underwritten. Vacancy, collections, operating expenses, closed-sale comparables, and property-level tax assessments are also absent, preventing a conclusion on durable net income or exit value.

Cities & communities

Where people live within Roosevelt County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Portales city12KElida town165Floyd village134Causey village122Dora village44
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

5 Census places

Population
  1. 01
    Portales cityIncorporated place
    11,968
  2. 02
    Elida townIncorporated place
    165
  3. 03
    Floyd villageIncorporated place
    134
  4. 04
    Causey villageIncorporated place
    122
  5. 05
    Dora villageIncorporated place
    44

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.524% of building value expected lost per year

Effective property tax0.45%

$616 median annual bill

02
DemandIRS SOI household flows
Net migration-21

572 in · 593 out

Arriving vs leaving income−$8,376

$35,993 arriving · $44,369 leaving

03
CompetitionHMDA financed purchases
Purchases by investors6.1%

11 of 181 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings55▼ 23.1% year over year
Median days on market73▼ 27.7% year over year
Listings price-reduced13.5%seller-concession signal
Median listing pricen/a▼ 2.3% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Clovis, NM

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Roosevelt County18,928$148k$8627.0%inland flooding
Curry County47,638$163k$1,2068.9%inland flooding
Bear case

What can break the county thesis

  1. Inland flood exposure and unavailable property-level insurance evidence could materially alter carrying costs.
  2. Gross yield may not translate to net income because vacancy, collections, repairs, and insurance costs are not published.
  3. County-level listing and investor metrics may not represent a specific neighborhood, property type, or buyer pool.
Underwriting questions

Before pricing a property

Can HUD Fair Market Rent be used as the county’s asking rent?

No. HUD FMR is a payment standard; the record separately publishes measured median asking rent.

What does the QCEW employment figure measure?

It measures annual average covered jobs at workplaces located in the county, not resident employment or unemployment.

Do the Realtor.com figures establish closed-sale prices or buyer demand?

No. They describe the MLS listing market: asking prices, visible active supply, marketing time, and price reductions.