Paradise Hills, New Mexico Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Paradise Hills, New Mexico rental market.
Paradise Hills, New Mexico
Average Apartment Rent
$1,379
Y-o-Y Change in Average
Apartment Rent
0.2%
As of March 2026
Compared to a year ago, Paradise Hills, New Mexico apartments have recorded a 0.2% rent increase.
Paradise Hills, New Mexico Average apartment rent trend
Paradise Hills, New Mexico Average Apartment Rent
Paradise Hills, New Mexico Apartment rent ranges
At 49.56%, apartments priced $1,000 - $1,500 represent the bulk of Paradise Hills, New Mexico rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.77%.
Paradise Hills, New Mexico Housing tenure**
Renters take up 25% of Paradise Hills, New Mexico real estate, occupying a total of 474 units, while homeowners live in 1,424 properties.
Median number of rooms of renter-occupied housing units**
5.6
Renter median household income**
$37,500
Average household size of renter-occupied housing units**
3.22
Rental vacancy rate**
10.7%
Paradise Hills, New Mexico Renter-occupied housing units by no. of bedrooms**
There are 342 rentals in Paradise Hills, New Mexico with 3 beds making up the highest share of the market, at 72%. Units with 4 beds, on the other hand, hold the lowest percentage (6%), amounting to 29 units. Overall, the median number of rooms in Paradise Hills, New Mexico homes for rent is 5.6.
Paradise Hills, New Mexico Renter-occupied units by age of householder**
Most condos for rent in Paradise Hills, New Mexico are occupied by residents in the 35 - 44 years age group (46%), followed by those in the 25 - 34 years age group (26%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Paradise Hills, New Mexico Renter-occupied housing units by family type**
Paradise Hills, New Mexico Renter-occupied housing units by the presence of own children**
A total of 342 apartments for rent in Paradise Hills, New Mexico, or 72% of all rentals are family households. Additionally, 57% of rental homes include children under the age of 18 – that’s 272 units. All in all, the median size of a renter-occupied household in Paradise Hills, New Mexico is 3.22.
Paradise Hills, New Mexico Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 38% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Paradise Hills, New Mexico.
Paradise Hills, New Mexico Renter-occupied units by year structure built**
The highest share of Paradise Hills, New Mexico apartment rentals, namely 54% or 256 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (23%, 109 units), and the ones Built 1990 - 1999 (13%, 61 units).
Paradise Hills, New Mexico Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Paradise Hills, New Mexico renters (50%) moved in 2018 to 2020, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Paradise Hills, New Mexico condos for rent is 2018.
Paradise Hills, New Mexico Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Paradise Hills, New Mexico renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 9% have 3 vehicles available.
Paradise Hills, New Mexico Means of transportation to work of householders living in renter-occupied housing units**
Paradise Hills, New Mexico Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Paradise Hills, New Mexico apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
