Sheep Springs, NM
Population 369 · New Mexico
About Sheep Springs, NM
Sheep Springs is a small community in New Mexico with a population of 369 residents. The median household income is $28,750 per year, which is below the national average. The median age in Sheep Springs is 28.6 years.
Housing in Sheep Springs has a median home value of $97,500 and median monthly rent of $825. Of the 99 total housing units, the majority are owner-occupied, with 58 owner-occupied and 23 renter-occupied units.
The unemployment rate in Sheep Springs is 17.6% and the poverty rate is 35.0%. 6.2% of residents hold a bachelor's degree or higher. The average commute time is 43.4 minutes.
Cost of Living in Sheep Springs, NM
Compared to national averages, Sheep Springs has a median household income of $28,750 (62% below the national median of $75,149). Home values average $97,500, which is 60% below the national median. Monthly rent at $825 is 29% below the US average of $1,163. Within New Mexico, Sheep Springs's income is 57% below the state average of $67,435, and home values are 58% below the state median of $233,762.
Why Live in Sheep Springs, NM?
Sheep Springs offers affordable housing with a median home value of $97,500, below the US average of $244,900, and rent that’s lower than the national average at $825/month.
Potential considerations include median household income ($28,750) that falls below the national average. However, Sheep Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sheep Springs has a population of 369 with a median age of 28.6 years. Compare Sheep Springs with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Sheep Springs
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Newcomb | 369 | $28,333 | $18,400 | Compare |
| Maxwell | 370 | $36,691 | $77,900 | Compare |
| Chamisal | 367 | $40,833 | $198,800 | Compare |
| Pleasanton | 363 | $58,967 | $263,600 | Compare |
| Ojo Amarillo | 380 | $21,488 | $0 | Compare |
| Sandia Park | 383 | $134,118 | $390,000 | Compare |
| Broadview | 386 | $0 | $0 | Compare |
| Morningside | 352 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Sheep Springs
What is the population of Sheep Springs, NM?
The population of Sheep Springs, NM is 369 according to the latest Census data.
What is the median household income in Sheep Springs?
The median household income in Sheep Springs, NM is $28,750 per year.
What is the median home value in Sheep Springs?
The median home value in Sheep Springs, NM is $97,500.
What is the average rent in Sheep Springs?
The median monthly rent in Sheep Springs, NM is $825.
What is the unemployment rate in Sheep Springs?
The unemployment rate in Sheep Springs, NM is 17.6%.