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San Juan County, NM

RANK #394 / 996  ·  POP 121,798  ·  NM

PROJECTED GROWTH: +1.2%

San Juan County's economy is holding up, but population decline raises questions about long-term trajectory.

[01] Why San Juan County?

San Juan County, New Mexico, is defined by its dramatic landscapes and rich cultural history, notably as part of the Four Corners region where four states meet. The iconic Shiprock pinnacle, a sacred Navajo landmark, rises dramatically from the high desert terrain. Located in the northwest corner of the state, the county is rural, with Farmington serving as its largest city and a regional hub. Commutes within the county and to nearby towns like Aztec and Bloomfield are managed by local transit services. The area boasts extensive outdoor recreation, including world-class fly fishing on the San Juan River, boating and camping at Navajo Lake, and numerous trails for hiking, mountain biking, and off-roading.

Life in San Juan County offers a lower cost of living compared to national averages, attracting families and retirees. The local economy, historically reliant on natural gas, oil, and coal, is actively diversifying. While energy production remains a significant sector, there is a growing focus on expanding manufacturing, healthcare, and tourism, particularly outdoor recreation. Educational opportunities include four public school districts and San Juan College, which also hosts a high school where students can earn an associate degree alongside their diploma.

[02] Market Snapshot

Housing Ratio
3.8x

Undervalued relative to economy

GDP Growth
-0.3%

Contracting economy

Home Prices
+2.6%

Outpacing national median

Climate & Terrain
2.8

Moderate climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 3.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

San Juan County U.S. National

The Numbers

DEMOGRAPHICS
Population
121,798
-0.91% YoY
Median Household Income
$50,734
Median Home Value
$170,700
+2.6% 12mo
Median Rent
$894
Average Annual Pay
$56,008
+3.3% YoY
Employment
46,650
+1.8% YoY
Income-to-Home-Value
0.2972
More affordable than average
Migration Inflow
1.4%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$350,000
Days on Market
38
Active market
Months of Supply
3.8
Balanced market
Listings w/ Price Drops
20.9%
Building Permits (2024)
78
Single-Family Permits
70

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

[05] Capital Investment

$770M
TOTAL
PROJECT AMOUNT STATUS
San Juan 1 Solar and Battery Storage Facility (Phase 1)
D.E. Shaw Renewable Investments (DESRI) / Public Service Company of New Mexico (PNM)
$500M Under Construction
Sunbelt Project (Solar and Battery Storage)
Public Service Company of New Mexico (PNM)
$220M Planned
Natural Gas Pipeline Extension to San Juan County Industrial Park
New Mexico Gas Co.
$50M Under Construction

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

[06] Score Breakdown

GDP Growth -0.3% 6 percentile
Population Growth -0.9% 4 percentile
Income Growth +6.8% 16 percentile
Vacancy Rate 2.0% 8 percentile
Home Price Change +2.6% 66 percentile
Rent Growth +3.2% 53 percentile
Price/Rent 10x 88 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is San Juan County, NM a good place to move to?

San Juan County has a Boom Town Index score of 60/100, ranking #394 among 996 U.S. counties. With job growth at +1.8% and a median household income of $50,734, it's an above-average county on economic indicators.

Is San Juan County affordable?

The median home value in San Juan County is $170,700 with median rent at $894/month. The income-to-home-value ratio is 0.2972, which is more affordable than the national average.

Is San Juan County growing or shrinking?

Population growth: -0.9% year-over-year. Job growth: +1.8%. Home values changed +2.6% in the past 12 months.

[08] Similar Metros

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