Valencia County

A local view of the market.

Valencia County's real estate market is experiencing growth, with the median home sold price reaching $299,993 in October 2024, marking a 3.5% increase from the previous year. The median price per square foot is $188, reflecting a competitive market where homes are selling relatively quickly. The top cities in Valencia County include Los Lunas, Belen, and Rio Communities. Los Lunas has a population of approximately 15,000 and is known for its growing housing market, with a median listing price of $370,000. Belen, with a population of around 7,000, offers more affordable housing options, with a median listing price of $297,900. Rio Communities, a smaller city with a population of about 5,000, has a median listing price of $276,000. Living in Valencia County offers a mix of rural and suburban lifestyles, with agriculture playing a significant role in the local economy. The county is known for its farming and ranching activities, contributing to its rural charm. However, suburban life is also prominent, particularly in areas like Los Lunas, which attracts residents seeking a quieter lifestyle while still being close to urban amenities. The top industries include agriculture, manufacturing, and retail, with many people moving to the county for its affordable housing and scenic landscapes.