Photo: Quintin Soloviev · CC BY 4.0Measured against area pay, Clovis costs more to live in than 57% of U.S. towns
It ranks #42 of 72 in New Mexico for affordability. Up 2.3% in a year, 49% below the New Mexico typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Clovis, NM micro area ($56K). How TownRatings grades cost of living
The grade compares costs with what households across the Clovis-area micro earn ($56K, Census 2020–24). Even so, the typical home costs 3.0 years of area income, and 50% of renters pay 30% or more of income for housing.
In dollars
- $163Ktypical home, 49% below the New Mexico typical homeZillow, September 2026
- $1,140a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 3.0 yrsof area income buys the typical home; the typical U.S. town: 3.3$56K, Clovis-area income
- 21%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 50%of renters pay 30%+ of income for housing; across New Mexico: 50%Census 2020–24
- 23%of owners do; the typical U.S. town: 20%Census 2020–24
Housing in Clovis, in brief
Owning can cost less than renting
With 20% down at the calculator’s rate, the typical Clovis home runs about $940 a month with tax and insurance. A two-bedroom rents for about $1,140. Can I afford it? ↓
Values have lagged New Mexico
The typical Clovis home is up 6.8% in five years, against a gain of 25% across New Mexico. Over the ten years on the chart it’s up 20%, against 80% statewide. Price trend ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; sales and supply are Redfin’s for September 2026; permits are Census figures through 2025; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Clovis’ grade
Measured against what households in the area earn, Clovis is more affordable than 43% of U.S. towns, #42 of 72 in New Mexico. The share of households paying 30%+ for housing pulls the grade down most; property tax holds it up.
Values have lagged New Mexico: the typical Clovis home is up 6.8% in five years, against 25.1% statewide (Zillow).
Up 6.8% in five years
Slower than New Mexico (25.1%).
Show as a table
| January | Clovis | New Mexico |
|---|---|---|
| 2017 | $137,000 | $177,000 |
| 2018 | $135,000 | $183,000 |
| 2019 | $137,000 | $191,000 |
| 2020 | $145,000 | $203,000 |
| 2021 | $153,000 | $228,000 |
| 2022 | $153,000 | $261,000 |
| 2023 | $167,000 | $285,000 |
| 2024 | $161,000 | $299,000 |
| 2025 | $165,000 | $310,000 |
| 2026 | $161,000 | $313,000 |
| September 2026 | $163,000 | $316,000 |
A typical Clovis home worth $135K in October 2016 is worth about $163K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A seller's market
Supply is tight — about 3.7 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, September 2026.
A year’s rent takes 21% of area income
The calculator starts from the area income the grade uses. Switch to Clovis’s own median, or type yours.
That covers a typical Clovis home, with $64K to spare.
A two-bedroom rents for about $1,140 a month here, $200 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Clovis’s typical property tax (0.63% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,140
Renters already here pay a median of $988, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Curry County, NM): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
62 new homes permitted in 2025
Builders were permitted 62 new homes in Clovis in 2025: 22 single-family houses and 40 in buildings with two or more homes, worth about $17.4 million to build. That's 1.6 per 1,000 residents, slower than across New Mexico (5.2). Over the past 10 years, Clovis has permitted 1,259 homes in all.
Between the 2010 and 2020 censuses, Clovis gained 792 residents while 1,415 new homes were permitted: about 0.6 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across New Mexico: 1.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 71 | 28 | 43 | $19.6 million |
| 2025 | 62 | 22 | 40 | $17.4 million |
| 2024 | 169 | 41 | 128 | $41.6 million |
| 2023 | 205 | 86 | 119 | $47.8 million |
| 2022 | 160 | 79 | 81 | $27.4 million |
| 2021 | 156 | 78 | 78 | $26.9 million |
| 2020 | 111 | 56 | 55 | $19.2 million |
| 2019 | 100 | 54 | 46 | $17.9 million |
| 2018 | 110 | 56 | 54 | $19.2 million |
| 2017 | 84 | 52 | 32 | $16.2 million |
| 2016 | 102 | 38 | 64 | $15.3 million |
| 2015 | 58 | 54 | 4 | $14.4 million |
| 2014 | 141 | 88 | 53 | $27.3 million |
| 2013 | 286 | 134 | 152 | $43.4 million |
| 2012 | 182 | 146 | 36 | $33.5 million |
| 2011 | 191 | 126 | 65 | $37.3 million |
| 2010 | 161 | 155 | 6 | $34 million |
| 2009 | 215 | 211 | 4 | $46.7 million |
| 2008 | 251 | 112 | 139 | $37.1 million |
| 2007 | 150 | 132 | 18 | $29 million |
| 2006 | 249 | 249 | 0 | $43.4 million |
| 2005 | 144 | 133 | 11 | $21.1 million |
| 2004 | 228 | 220 | 8 | $34.5 million |
| 2003 | 161 | 101 | 60 | $18.2 million |
| 2002 | 131 | 84 | 47 | $11.6 million |
| 2001 | 80 | 55 | 25 | $7.1 million |
| 2000 | 39 | 39 | 0 | $4.3 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Property tax runs below the New Mexico norm
The median bill is $1,075 (New Mexico: $1,731), 0.63% of a home’s value a year, against 0.70% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Clovis and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Clovis | C+ | $163K | $169K | 0.63% | $1,140 |
Questions about the cost of living in Clovis
Is Clovis expensive to live in?
Measured against what households in the area earn, Clovis costs more than 57% of U.S. towns: a C+ for cost of living, #42 of 72 in New Mexico. The typical home costs 3.0 years of the median household income of the Clovis, NM micro area ($56K).
How much does a house cost in Clovis?
About $163K, Zillow’s typical value for September 2026, up 2.3% in a year. The New Mexico typical home is $316K.
What salary do you need to live in Clovis?
To buy the typical home with 20% down at 6.3%, about $40,000 a year, keeping the payment (about $940 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $46,000.
How much is rent in Clovis?
HUD puts a two-bedroom at about $1,140 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $988 (Census 2020–24).
What are property taxes in Clovis?
The median bill is $1,075 a year, 0.63% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Are home prices in Clovis going up?
Yes: up 2.3% in the past year and 6.8% in five years, against 25.1% across New Mexico (Zillow).
Neighbors talk housing
What Clovis buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.