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.5/2/2025All Streets in Carlsbad, New Mexico
Leavel Dr2131$214,9051,694 Sq.Ft.3/13/2024Legion St4622$892,3041,589 Sq.Ft.2/29/2024Lera Cir1543$567,8673,412 Sq.Ft.12/12/2022Lewis Rd1N/AN/A$258,0001,224 Sq.Ft.N/ALewis Whitlock Rd2N/AN/A$389,000N/AN/ALigon Rd5N/AN/A$2,064,5002,275 Sq.Ft.6/1/2018Lincoln Dr1642$741,7332,215 Sq.Ft.9/26/2024Linda Ct1132$336,4551,777 Sq.Ft.10/4/2024Lindley Rd1N/AN/A$428,000N/AN/ALive Oak Pl4632$286,3702,334 Sq.Ft.1/30/2025Livingston Rd4621$222,6591,864 Sq.Ft.5/11/2021Lloyd St4332$271,767927 Sq.Ft.3/15/2024Lobo Ln273N/A$183,593855 Sq.Ft.2/21/2025Locust Ln1N/AN/AN/AN/A4/7/2025Lomas17N/AN/A$885,133600 Sq.Ft.1/30/2025Lomas Dr2N/AN/A$901,500N/AN/ALondhorn Rd1N/AN/AN/AN/AN/ALondon Rd2N/AN/A$307,5001,280 Sq.Ft.9/3/2024Lonesome Dove Rd3N/AN/A$212,0001,822 Sq.Ft.N/ALonghorn Hwy1N/AN/AN/AN/AN/ALong Horn Rd1N/AN/AN/AN/AN/ALonghorn Rd72N/AN/A$377,0002,395 Sq.Ft.1/1/2025Loop Rd4N/AN/AN/AN/A4/1/2024Lopez St24N/AN/A$169,300949 Sq.Ft.11/30/2021Lo Ray11N/AN/A$224,2502,583 Sq.Ft.9/13/2021Loretta Ln932$403,3332,921 Sq.Ft.5/8/2025Los Alamos St7N/AN/A$341,1673,658 Sq.Ft.5/25/2023Los Arboles3222$214,3751,379 Sq.Ft.11/16/2023Los Nogales Dr1242$357,8332,770 Sq.Ft.10/18/2023Louis Whitlock2N/AN/A$335,000N/AN/ALouis Whitlock Rd7N/AN/AN/AN/AN/ALoving Ave7N/AN/A$319,8572,952 Sq.Ft.1/24/2019Lovington Hwy1N/AN/A$382,000N/AN/ALower Tansill Dr4N/AN/AN/AN/AN/AL St292N/A$345,1431,675 Sq.Ft.3/26/2024Luckey St4233$379,0001,482 Sq.Ft.5/15/2025Lujan St18N/AN/A$220,6001,106 Sq.Ft.N/ALum St40N/AN/A$222,8571,342 Sq.Ft.5/30/2018Lusk Plant Rd2N/AN/A$427,000N/AN/ALytle St5N/AN/A$146,0001,964 Sq.Ft.2/19/2008Mac Arthur1N/AN/A$117,0001,200 Sq.Ft.N/AMacarthur St2542$243,1601,845 Sq.Ft.10/13/2005Macaw Dr24N/AN/A$404,600N/A4/1/2025Madrone221$129,0001,008 Sq.Ft.3/14/2025Magnolia St1442$260,6431,909 Sq.Ft.1/10/2024Magnum Rd11N/AN/A$427,000N/A4/1/2024Mahogany Ave343$463,3332,314 Sq.Ft.7/12/2022Main St30732$191,3771,692 Sq.Ft.4/14/2025Malaga Ave1932$308,1581,833 Sq.Ft.1/28/2025Malaga Rd1N/AN/A$456,000550 Sq.Ft.N/AMalibu Way2942$391,6902,098 Sq.Ft.4/14/2025Manthei Rd42N/A$283,3331,670 Sq.Ft.2/5/2007Manzana Rd3232$249,5191,562 Sq.Ft.4/4/2024Maple St11232$246,9641,491 Sq.Ft.5/22/2025Marathon Rd62N/AN/A$273,5001,708 Sq.Ft.1/2/2024Marathon Rd At Queens Hwy1N/AN/AN/AN/AN/AMargaret St2031$231,5501,548 Sq.Ft.8/7/2023Mariposa St3032$205,9671,911 Sq.Ft.4/23/2024Marquess St3532$241,8571,312 Sq.Ft.6/15/2023Martin Ln3232$294,0741,636 Sq.Ft.5/9/2025Masters Dr9N/AN/A$220,5562,491 Sq.Ft.8/10/2023Maui Ct832$414,7502,681 Sq.Ft.3/9/2021Mayes Ranch Rd35N/AN/A$258,3331,319 Sq.Ft.11/26/2024Mc Donald Rd15N/AN/A$447,6672,485 Sq.Ft.3/19/2025Mcdonald Rd2N/AN/AN/AN/A10/6/2021Mcfarland Rd2422$380,7221,600 Sq.Ft.11/28/2023Mckay St4432$251,8542,298 Sq.Ft.2/4/2025Mckinley St2343$222,4551,952 Sq.Ft.4/9/2025Mckittick Rd1N/AN/AN/AN/AN/AMckittrick Rd25N/AN/A$409,6673,726 Sq.Ft.2/12/2025Meadow Lark Ln2832$289,2502,062 Sq.Ft.3/8/2023Meadows St5N/AN/A$323,0001,463 Sq.Ft.N/AMeans Rd5253$270,0002,264 Sq.Ft.9/19/2024Merion Dr1132$287,0911,807 Sq.Ft.4/23/2025Mermod St14332$222,4684,822 Sq.Ft.4/3/2025Mesa St36032$258,7902,366 Sq.Ft.3/24/2025Mescal Draw Rd36N/AN/AN/A4,597 Sq.Ft.N/AMescalero St2532$315,5001,345 Sq.Ft.4/3/2024Mesilla St2332$214,3041,303 Sq.Ft.5/10/2025Mesquite St24932$219,9511,696 Sq.Ft.5/16/2025Mi 11 Washington Ranch Rd1N/AN/AN/AN/AN/AMi 12 Washington Ranch Rd2N/AN/AN/AN/AN/AMi 399 Washington Ranch Rd2N/AN/AN/AN/AN/AMi 432 Picket Rd1N/AN/AN/AN/AN/AMiehls Dr4343$488,6113,568 Sq.Ft.2/21/2025Mile Marker National Parks Hwy1N/AN/AN/AN/AN/AMiles Red Cloud Rd1N/AN/AN/AN/AN/AMiller Rd3N/AN/A$299,3331,583 Sq.Ft.N/AMilliron Rd1232$337,0003,251 Sq.Ft.6/28/2024Mills Ranch Rd3N/AN/A$307,0002,049 Sq.Ft.N/AMimosa St5942$246,2541,309 Sq.Ft.4/17/2025Mireles Rd19N/AN/A$243,1331,670 Sq.Ft.2/14/2019Mission Ave9032$488,9253,007 Sq.Ft.4/10/2025Mission Cir3N/AN/A$410,0001,581 Sq.Ft.N/AMissouri Ave1N/AN/A$220,000N/A7/13/2015Missouri St4132$222,8541,150 Sq.Ft.5/2/2025Misty Ln4N/AN/A$296,5001,652 Sq.Ft.N/AMm National Park Hwy1N/AN/AN/AN/AN/AMobley Ranch Rd12N/AN/AN/AN/AN/AMobley Ranc Rd1N/AN/AN/AN/AN/A501 W Bullock AveArtesia, NM 88210
Estimated Value $244,000
Living Area 2,160 SqFt
Beds 3
Baths 2
Year Built 1950
Property Type Single Family
Ownership Type Individual
APN 4152099304337
Subdivision Hightower Blk 5-6
School District Artesia Public Schools
2415 W Mann AveArtesia, NM 88210
Estimated Value $408,000
Living Area 2,155 SqFt
Beds 4
Baths 3
Year Built 2016
Property Type Single Family
Ownership Type Individual
APN 4151099086423
Subdivision West Acres #8
School District Artesia Public Schools
1601 S 20th StArtesia, NM 88210
Estimated Value $169,000
Living Area 1,126 SqFt
Beds 3
Baths 1
Year Built 1960
Property Type Single Family
Ownership Type Related
APN 4151100270040
Subdivision Plains Park
School District Artesia Public Schools
1805 S 17th StArtesia, NM 88210
Estimated Value $320,000
Living Area 5,532 SqFt
Beds 3
Baths 2
Year Built 1962
Property Type Single Family
Ownership Type Related
APN 4151100390109
Subdivision Plains Park
School District Artesia Public Schools
2215 W Grand AveArtesia, NM 88210
Estimated Value $320,000
Living Area 1,767 SqFt
Beds 3
Baths 2
Year Built 2008
Property Type Single Family
Ownership Type Related
APN 4151099110143
Subdivision Encantada Heights Sub Phase 1
School District Artesia Public Schools
1601 W Mann AveArtesia, NM 88210
Estimated Value $217,000
Living Area 1,530 SqFt
Beds 3
Baths 2
Year Built 1980
Property Type Single Family
Ownership Type Individual
APN 4151099426376
Subdivision Murphy Addition Replat (Blks 17-22)
School District Artesia Public Schools
804 S 17th StArtesia, NM 88210
Estimated Value $182,000
Living Area 1,148 SqFt
Beds 3
Baths 2
Year Built 1986
Property Type Single Family
Ownership Type Multiple
APN 4151099386293
Subdivision Abo
School District Artesia Public Schools
801 S 5th StArtesia, NM 88210
Estimated Value $259,000
Living Area 1,764 SqFt
Beds 3
Baths 2
Year Built 1960
Property Type Single Family
Ownership Type Individual
APN 4152099329293
Subdivision Hightower Redivision (Amended)
School District Artesia Public Schools
2405 W Centre AveArtesia, NM 88210
Estimated Value $364,000
Living Area 2,162 SqFt
Beds 3
Baths 2
Year Built 2013
Property Type Single Family
Ownership Type Related
APN 4151099109444
Subdivision West Acres #7-Corrected Replat
School District Artesia Public Schools
2408 W Briscoe AveArtesia, NM 88210
Estimated Value $337,000
Living Area 2,031 SqFt
Beds 4
Baths 2
Year Built 2022
Property Type Single Family
Ownership Type Related
APN 4151099095340
Subdivision West Acres #10
School District Artesia Public Schools
1525 W Mahone DrArtesia, NM 88210
Estimated Value $391,000
Living Area 2,320 SqFt
Beds 4
Baths 3
Year Built 2019
Property Type Single Family
Ownership Type Related
APN 4151098393426
Subdivision Mahone Blue Quail Phase #2
School District Artesia Public Schools
356 S Haldeman RdArtesia, NM 88210
Estimated Value $364,000
Living Area 2,968 SqFt
Beds 3
Baths 2
Year Built 2000
Property Type Rural Residence
Ownership Type Related
APN 4155102079288
Subdivision Lehman Land Div Amend
School District Artesia Public Schools
1505 Northgate PlArtesia, NM 88210
Estimated Value $391,000
Living Area 3,090 SqFt
Beds 4
Baths 2
Year Built 2007
Property Type Single Family
Ownership Type Related
APN 4151098451482
Subdivision Northgate Addition Replat
School District Artesia Public Schools
2505 W Bullock AveArtesia, NM 88210
Estimated Value $323,000
Living Area 1,695 SqFt
Beds 3
Baths 2
Year Built 2018
Property Type Single Family
Ownership Type Individual
APN 4151099047410
Subdivision West Acres #9
School District Artesia Public Schools
410 W Shelton AveArtesia, NM 88210
Estimated Value $171,000
Living Area 1,466 SqFt
Beds 3
Baths 1
Year Built 1950
Property Type Single Family
Ownership Type Individual
APN 4152099324353
Subdivision G R Brainard Redivision
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