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McKinley County, NM

RANK #272 / 996  ·  POP 72,073  ·  NM

PROJECTED GROWTH: +1.7%

McKinley County combines solid growth with real affordability — a rare combination.

[01] Why McKinley County?

McKinley County, New Mexico, is distinguished by its dramatic red rock landscapes and its role as the "Heart of Indian Country," with a significant portion of its population identifying as Native American, including Navajo, Hopi, and Zuni tribes. The county seat, Gallup, sits along historic Route 66 and Interstate 40, approximately 136 miles west of Albuquerque. This location makes it a stopping point for travelers and a hub for regional commerce. Outdoor recreation is a major draw, with Red Rock Park offering hiking trails like the Pyramid Rock Trail and Church Rock Trail, along with campgrounds and events such as the Gallup Inter-Tribal Indian Ceremonial and the Red Rock Balloon Rally. The Zuni Mountain Trail System also provides over 186 miles of trails for hiking, biking, and other activities.

Life in McKinley County blends a connection to ancient cultural traditions with modern amenities. The Gallup-McKinley County School District serves most of the county, operating numerous elementary, middle, and high schools. Commute times average around 27 minutes, with most residents driving alone, though carpooling and local bus services like Gallup Express are available. The economy is supported by sectors such as retail trade, accommodation and food services, and healthcare and social assistance. Government employment, including state and federal facilities, also plays a significant role. Recent economic development efforts have focused on attracting investment in energy, industrial, and logistics sectors, leveraging the county's transportation networks.

[02] Market Snapshot

Housing Ratio
2.3x

Undervalued relative to economy

GDP Growth
-3.7%

Contracting economy

Home Prices
+1.0%

Below national median

Climate & Terrain
3.4

Favorable climate & terrain

Price/Rent
7x

Strong rental yield

Housing looks undervalued at 2.3x — home prices are low relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

McKinley County U.S. National

The Numbers

DEMOGRAPHICS
Population
72,073
-1.2% YoY
Median Household Income
$44,029
Median Home Value
$70,200
+0.96% 12mo
Median Rent
$806
Average Annual Pay
$47,226
+6.6% YoY
Employment
19,500
-1.7% YoY
Income-to-Home-Value
0.6272
More affordable than average
Migration Inflow
1.14%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$192,450
Days on Market
66
Slower market
Months of Supply
9.8
Buyer's market
Sale-to-List Ratio
87.4%
Negotiation room for buyers
Listings w/ Price Drops
13.6%
Building Permits (2024)
8
Single-Family Permits
8

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,127M
TOTAL
PROJECT AMOUNT STATUS
Arroyo Solar Energy Storage Hybrid
Arroyo Solar LLC / D.E. Shaw Renewable Investments (DESRI)
$525M Operating
Moasi Solar
RWE
$188M In Development
McKinley County Local & Tribal Capital Outlay Projects (2019-2023)
Various Local and Tribal Entities
$144M Operating
Wildcat Solar Power Plant LLC
Solariant Capital, LLC
$135M Planned
Prewitt Industrial Park Development
McKinley County / Greater Gallup Economic Development Corporation
$75M Planned
I-40 @ US-491/NM-602 Interchange Improvements
New Mexico Department of Transportation (NMDOT)
$60M Study and Design

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth -3.7% 1 percentile
Population Growth -1.2% 2 percentile
Income Growth +9.4% 70 percentile
Vacancy Rate 0.4% 98 percentile
Home Price Change +1.0% 44 percentile
Price/Rent 7x 100 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is McKinley County, NM a good place to move to?

McKinley County has a Boom Town Index score of 73/100, ranking #272 among 996 U.S. counties. With job growth at -1.7% and a median household income of $44,029, it's an above-average county on economic indicators.

Is McKinley County affordable?

The median home value in McKinley County is $70,200 with median rent at $806/month. The income-to-home-value ratio is 0.6272, which is more affordable than the national average.

Is McKinley County growing or shrinking?

Population growth: -1.2% year-over-year. Job growth: -1.7%. Home values changed +1.0% in the past 12 months.

[08] Similar Metros

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