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Happy Valley, NM
Full City Profile · New Mexico · Eddy County County
1.2
/5.0
F
Poor
616
Population
287/sq mi density
$144,400
Home Value
$242,280 Zillow
$1,153
Median Rent
23.2% income on rent
63°F
Avg Temperature
330 sunny days/yr
510
Violent Crime/100K
4,376 property/100K
F
Overall
1.2 / 5.0
Below average overall score based on economy, affordability, safety and education
F
Safety
1.0 / 5.0
510 violent crimes/100K (34% above avg)
F
Education
1.4 / 5.0
5.5% bachelor's degree or higher
Housing Overview
Median Home Value
$144,400
49% below
US avg: $281,900
Median Rent
$1,153/mo
1% below
US avg: $1,163/mo
Homeownership Rate
86.5%
32% above US avg (65.4%)
Total Housing Units
343
Median year built: 1977
Home Value by Source
Census Median
$144,400
Zillow (ZHVI)
$242,280
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.5%
Owner-Occupied
13.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$828/mo
1 Bedroom
$927/mo
2 Bedroom
$1,129/mo
3 Bedroom
$1,496/mo
4 Bedroom
$1,758/mo
Census median rent:
$1,153/mo
Affordability & Housing Stock
Rent Burden
23.2%
of renters spending 30%+ of income on housing
25% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
86.5%
Complete Housing Data
Home Values
| Census Median Value | $144,400 |
| Zillow Home Value (ZHVI) | $242,280 |
Rent
| Census Median Rent | $1,153 |
| FMR Studio | $828 |
| FMR 1-Bedroom | $927 |
| FMR 2-Bedroom | $1,129 |
| FMR 3-Bedroom | $1,496 |
| FMR 4-Bedroom | $1,758 |
Market
Ownership & Stock
| Owner-Occupied | 86.5% |
| Renter-Occupied | 13.5% |
| Homeownership Rate | 86.5% |
| Total Housing Units | 343 |
| Median Year Built | 1977 |
| Rent Burden | 23.2% |