Housing in Sierra County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Sierra County averages $729/month for a 2‑bedroom in 2024, compared to the New Mexico median of $1,067 and the national median of $1,413. Local renters spend approximately 25% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Sierra County FMR Area are $756 for a studio, $835 for 1‑bedroom, $1,096 for 2‑bedroom, $1,524 for 3‑bedroom, and $1,767 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $367 increase for a 2-bedroom in Sierra County shows a 50% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Sierra County was 6.1% in 2024, compared to New Mexico at 4.1% and the national rate of 4.0%.

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Towns near Monticello

City
County
State
Miles
Luna
NM
0.0
Luna
NM
9.3
Grant
NM
33.2
Grant
NM
37.2
Grant
NM
39.4
Grant
NM
41.4
Grant
NM
41.6
Grant
NM
42.7
Grant
NM
43.3
Grant
NM
45.2
Sierra
NM
45.6
Grant
NM
45.9
Sierra
NM
48.3
Grant
NM
49.3
Grant
NM
49.7
Grant
NM
51.5
Sierra
NM
54.3
Hidalgo
NM
57.3
Sierra
NM
65.3
Sierra
NM
66.7
Hidalgo
NM
69.0
Sierra
NM
70.0
Sierra
NM
74.1
Sierra
NM
74.4
Grant
NM
79.7
Sierra
NM
83.0
Grant
NM
90.5

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Monticello, NM

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