Carlsbad, with its unique desert charm, is an ideal location for real estate investment because of its booming economy and tourism. Located in southeastern New Mexico, Carlsbad offers a strong employment market, affordable real estate, and natural beauty, all of which attract residents and visitors. The city is close to Carlsbad Caverns National Park, a major tourist attraction that draws hundreds of thousands of visitors each year. This supports demand for both short-term rentals and permanent housing.
The economy in Carlsbad is primarily supported by the oil and gas industry, which has led to strong job growth in recent years. Companies such as Chevron, ConocoPhillips, and XTO Energy operate in the Permian Basin area, and employ thousands of workers who require housing. This demand is further boosted by contractors and temporary workers, who are often looking for rental properties.
Areas around North Canal Street are ideal for people interested in short-term rentals. And for families, neighborhoods like La Huerta and Happy Valley offer spacious homes, good schools, and a suburban feel, attracting long-term residents. Carlsbad's relatively low property prices and strong rental demand offer potential for high returns, especially for investors interested in both residential and short-term rental markets.
Popular Streets in Carlsbad, New Mexico
Alameda St34732$227,2662,044 Sq.Ft.4/25/2025Canal St67132$292,5693,661 Sq.Ft.4/28/2025Canyon St33432$200,0683,275 Sq.Ft.4/8/2025Church St30031$255,9101,647 Sq.Ft.4/8/2025Guadalupe St31132$298,0752,227 Sq.Ft.4/13/2025Halagueno St34232$215,8072,174 Sq.Ft.5/13/2025Main St30732$191,3771,692 Sq.Ft.4/14/2025Mesa St36032$258,7902,366 Sq.Ft.3/24/2025National Parks Hwy360N/AN/A$396,4482,389 Sq.Ft.4/1/2025Queens Hwy3211N/A$295,7712,506 Sq.Ft.5/2/20252515 W Briscoe AveArtesia, NM 88210
Estimated Value $362,000
Living Area 1,902 SqFt
Beds 4
Baths 3
Year Built 2023
Property Type Single Family
Ownership Type Related
APN 4151099007393
Subdivision West Acres #10
School District Artesia Public Schools
800 S 4th StArtesia, NM 88210
Estimated Value $199,000
Living Area 1,885 SqFt
Beds 4
Baths 2
Year Built 1965
Property Type Single Family
Ownership Type Individual
APN 4152099344293
Subdivision Hightower Redivision (Amended)
School District Artesia Public Schools
2102 W Jacobs AveArtesia, NM 88210
Estimated Value $317,000
Living Area 1,870 SqFt
Beds 4
Baths 2
Year Built 2011
Property Type Single Family
Ownership Type Related
APN 4151100225110
Subdivision Jacobs Avenue Addition
School District Artesia Public Schools
1517 W Mahone DrArtesia, NM 88210
Estimated Value $429,000
Living Area 2,153 SqFt
Beds 4
Baths 3
Year Built 2018
Property Type Single Family
Ownership Type Individual
APN 4151098409426
Subdivision Mahone Blue Quail Phase #2
School District Artesia Public Schools
406 W Richardson Ave #2Artesia, NM 88210
Estimated Value $208,000
Living Area 1,322 SqFt
Beds 2
Baths 2
Year Built 2005
Property Type Single Family
Ownership Type Related
APN 4152099330080
Subdivision Ocotillo Place
School District Artesia Public Schools
2403 W Briscoe AveArtesia, NM 88210
Estimated Value $361,000
Living Area 2,116 SqFt
Beds 4
Baths 3
Year Built 2022
Property Type Single Family
Ownership Type Related
APN 4151099110355
Subdivision West Acres #10
School District Artesia Public Schools
262 N Twentysixth Street RuralArtesia, NM 88210
Estimated Value $488,000
Living Area 2,197 SqFt
Beds 4
Baths 3
Year Built 1993
Property Type Rural Residence
Ownership Type Individual
APN 4151096016211
Municipality ARTESIA OUTSIDE CITY LIMITS
School District Artesia Public Schools
2407 W Ray AveArtesia, NM 88210
Estimated Value $343,000
Living Area 1,900 SqFt
Beds 3
Baths 2
Year Built 2023
Property Type Single Family
Ownership Type Related
APN 4151099091327
Subdivision West Acres #10
School District Artesia Public Schools
1603 W Jacobs AveArtesia, NM 88210
Estimated Value $217,000
Living Area 2,265 SqFt
Beds 3
Baths 1
Year Built 1970
Property Type Single Family
Ownership Type Related
APN 4151100386126
Subdivision Plains Park
School District Artesia Public Schools
2413 W Ray AveArtesia, NM 88210
Estimated Value $336,000
Living Area 1,867 SqFt
Beds 4
Baths 3
Year Built 2023
Property Type Single Family
Ownership Type Related
APN 4151099072332
Subdivision West Acres #10
School District Artesia Public Schools
1509 S 21st StArtesia, NM 88210
Estimated Value $186,000
Living Area 1,344 SqFt
Beds 3
Baths 1
Year Built 1966
Property Type Single Family
Ownership Type Individual
APN 4151100239033
Subdivision Plains Park
School District Artesia Public Schools
904 W Hank AveArtesia, NM 88210
Estimated Value $146,000
Living Area 884 SqFt
Beds 2
Baths 1
Year Built 1980
Property Type Single Family
Ownership Type Individual
APN 4152098159333
Subdivision Fairey
School District Artesia Public Schools
2502 W Briscoe AveArtesia, NM 88210
Estimated Value $357,000
Living Area 2,329 SqFt
Beds 4
Baths 3
Year Built 2022
Property Type Single Family
Ownership Type Related
APN 4151099044359
Subdivision West Acres #10
School District Artesia Public Schools
805 N 14th StArtesia, NM 88210
Estimated Value $166,000
Living Area 1,404 SqFt
Beds 3
Baths 1
Year Built 1960
Property Type Single Family
Ownership Type Individual
APN 4151098481260
Subdivision Vaughan
School District Artesia Public Schools
2417 W Ray AveArtesia, NM 88210
Estimated Value $343,000
Living Area 2,134 SqFt
Beds 4
Baths 2
Year Built 2021
Property Type Single Family
Ownership Type Individual
APN 4151099060336
Subdivision West Acres #10
School District Artesia Public Schools
1101 W Runyan AveArtesia, NM 88210
Estimated Value $268,000
Living Area 2,059 SqFt
Beds 4
Baths 2
Year Built 1955
Property Type Single Family
Ownership Type Individual
APN 4152099080476
Subdivision Fairacres (Blks 1 Thru 6)
School District Artesia Public Schools