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.5/2/2025902 W Catalina DrArtesia, NM 88210
Estimated Value $153,000
Living Area 1,197 SqFt
Beds 2
Baths 1
Year Built 1955
Property Type Single Family
Ownership Type Individual
APN 4152100166033
Subdivision Artesia Estates
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
2402 W Briscoe AveArtesia, NM 88210
Estimated Value $349,000
Living Area 1,921 SqFt
Beds 3
Baths 2
Year Built 2024
Property Type Vacant Land General
Ownership Type Multiple
APN 4151099115338
Subdivision West Acres #10
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
539 N 26th StArtesia, NM 88210
Estimated Value $564,000
Living Area 2,839 SqFt
Beds 4
Baths 2
Year Built 2020
Property Type Rural Residence
Ownership Type Related
APN 4150093500348
Subdivision Franco Unit 1
School District Artesia Public Schools
1501 W Mahone DrArtesia, NM 88210
Estimated Value $439,000
Living Area 2,238 SqFt
Beds 4
Baths 3
Year Built 2018
Property Type Single Family
Ownership Type Individual
APN 4151098445427
Subdivision Mahone Blue Quail Phase #2
School District Artesia Public Schools
1806 W Currier AveArtesia, NM 88210
Estimated Value $247,000
Living Area 1,456 SqFt
Beds 3
Baths 1.75
Year Built 1985
Property Type Single Family
Ownership Type Individual
APN 4151100341080
Subdivision Plains Park
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
2511 W Briscoe AveArtesia, NM 88210
Estimated Value $332,000
Living Area 1,868 SqFt
Beds 4
Baths 2
Year Built 2024
Property Type Vacant Land General
Ownership Type Related
APN 4151099021390
Subdivision West Acres #10
School District Artesia Public Schools
1301 S 8th StArtesia, NM 88210
Estimated Value $302,000
Living Area 2,340 SqFt
Beds 3
Baths 2
Year Built 1955
Property Type Single Family
Ownership Type Individual
APN 4152100217056
Subdivision Artesia Estates
School District Artesia Public Schools
1306 W Dallas AveArtesia, NM 88210
Estimated Value $289,000
Living Area 1,713 SqFt
Beds 3
Baths 2
Year Built 1970
Property Type Single Family
Ownership Type Individual
APN 4151099504201
Subdivision Murphy Addition
School District Artesia Public Schools
801 W Catalina DrArtesia, NM 88210
Estimated Value $192,000
Living Area 1,294 SqFt
Beds 2
Baths 2
Year Built 1951
Property Type Single Family
Ownership Type Individual
APN 4152100201056
Subdivision Artesia Estates
School District Artesia Public Schools
810 W Grand AveArtesia, NM 88210
Estimated Value $133,000
Living Area 1,730 SqFt
Beds 2
Baths 1
Year Built 1950
Property Type Single Family
Ownership Type Individual
APN 4152099178123
Subdivision Artesia Imp Co
School District Artesia Public Schools
2407 W Bullock AveArtesia, NM 88210
Estimated Value $392,000
Living Area 2,216 SqFt
Beds 4
Baths 3
Year Built 2020
Property Type Single Family
Ownership Type Multiple
APN 4151099102387
Subdivision West Acres #9
School District Artesia Public Schools
1404 S 13th StArtesia, NM 88210
Estimated Value $228,000
Living Area 1,400 SqFt
Beds 2
Baths 2
Year Built 1960
Property Type Single Family
Ownership Type Individual
APN 4151100516061
Subdivision Mills Bdry Line Adj
School District Artesia Public Schools
913 W Catalina DrArtesia, NM 88210
Estimated Value $485,000
Living Area 2,395 SqFt
Beds 4
Baths 2
Year Built 2019
Property Type Single Family
Ownership Type Related
APN 4152100157064
Subdivision Linda Vista Estates
School District Artesia Public Schools