Carlsbad-Artesia, NM

Carlsbad-Artesia, NM real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.

Appreciation
: 3.6%/yr.
Rent growth
: 3.7%/yr.
Median cap rate
: 5.7%.
Median IRR
: 10.1%.
Median rental home value
: $258,050.
Median rental rate
: $1,245/mo.
Median property tax
: $1,095/yr.

Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated October 2026.

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