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McKinley County, NM

Gallup

RANK #571 / 996 NAT  ·  #4 / 11 NM  ·  POP 72,073

1YR FORECAST: +0.9%

5YR OUTLOOK: +22%

#1 Most Affordable #5 Best Rental Yield #40 Most Undervalued
McKinley County's housing market is projected to grow +0.9% over the next year, below the national average.

[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] Top Employers

  1. 1
    Gallup McKinley County Schools Education
    1,000+
  2. 2
    Gallup Indian Medical Center Healthcare
  3. 3
    Fire Rock Casino Hospitality
    500+
  4. 4
    Walmart Retail
    250+
  5. 5
    City of Gallup Government
  6. 6
    Rehoboth McKinley Christian Hospital Healthcare
  7. 7
    Bureau of Indian Affairs Government
  8. 8
    University of New Mexico-Gallup Campus Education
    100+
  9. 9
    Hozho Academy/Charter School Education
  10. 10
    Zuni Public Schools Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
12.4%
of residents (national avg: 33%)

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] Crime & Safety

F
SAFETY
GRADE
Homicide Rate
20.3
per 100K · nat avg 6.3
Firearm Fatalities
19.4
per 100K · nat avg 14.8
Injury Deaths
201.4
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

McKinley County scores 42/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#571). Median household income is $44,029 and job growth is running at -1.7%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is McKinley County affordable?

By national standards, McKinley County is quite affordable. Homes here have a median value of $70,200, and the income-to-home-value ratio of 0.63 is well above the U.S. average — especially with median rent at just $806/month. Residents can generally buy a home without being cost-burdened.

Is McKinley County growing or shrinking?

Both population (-1.2% YoY) and employment (-1.7%) are contracting in McKinley County, though housing tells its own story with values moving +1.0% over the past 12 months. This is a county where the trend lines are pointing in the wrong direction.

Are many people relocating to McKinley County?

Not particularly — 1.14% of McKinley County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[09] Similar Counties by Size & Score

Doña Ana County, NM 42 Lea County, NM 37 Otero County, NM 34 Bernalillo County, NM 29 Sandoval County, NM 17 Valencia County, NM 70 Campbell County, VA 42 Christian County, MO 42