Commercial Real Estate Market in Mountainair, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
22 active listings and 83 off-market properties in Mountainair, NM.
Market Trends
Mountainair, NM spans 1,045.8 square miles in Torrance County, New Mexico. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Mountainair, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Mountainair, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Mountainair, NM runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Mountainair, NM runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 80.9%
- Commercial 10.6%
- Industrial 3.9%
- Mixed use 3.4%
- Civic 1.2%
Largest Zones share of zoned land by district
Residential
Commercial
Industrial
Central Business District
School
Mountainair, NM zones 787 acres across 5 districts. Commercial zoning covers 10.6% of zoned land, residential 80.9% and industrial 3.9%. The largest single district is Residential at 80.9%. For commercial buyers the practical constraint is that only 14.5% of land carries a commercial or industrial designation.
Residential (R)
SECTION 7. R-1 CONVENTIONAL RESIDENTIAL ZONE. A. Intent. The purpose of this zone district is to provide for the development of residential neighborhoods consisting of singular dwellings and certain other uses which are compatible to the residential character of this district. Density shall be limited to one dwelling unit per lot. B. Permissive Uses. Any of…
Market overview
Demographics & Economy
Mountainair, NM has 1,745 residents in 901 households. Density runs 2 people per square mile. Median household income here is $49,338 and median gross rent $906 a month.
1,745
Population
901
Households
1.9
Avg Household Size
54
Median Age
29%
College-Educated
82%
High-School Grad
1045.8 sq mi
ZIP Area
2
Density / Sq Mi
$49,338
Median Household Income
$20,078
Median Earnings
$906
Median Rent
$147,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Mountainair?
Commercial property in Mountainair, NM asks an average of $3 per square foot.
What zoning applies to commercial property in Mountainair?
Mountainair, NM zones 787 acres across 5 districts, of which 10.6% is commercial and 3.9% industrial. The largest single district is Residential at 80.9% of zoned land. SECTION 7. R-1 CONVENTIONAL RESIDENTIAL ZONE. A. Intent. The purpose of this zone district is to provide for the development of residential neighborhoods consisting of singular dwellings and certain other uses which are compatible to the residential character of this district. Density shall be limited to one dwelling unit per lot. B. Permissive Uses. Any of… Residential zoning covers 80.9% and open space 0%.
Where does Realmo's Mountainair market data come from?
Realmo compiles Mountainair, NM figures from 22 active sale listings, 83 tracked off-market properties, the current Mountainair zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 0 active for-lease listings in Mountainair, NM. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 787 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
