New Mexico: home prices and housing market

State · price index through 2026-Q2

Median home value Estimate
$298,000
ACS 2020-2024 median $248,100, updated to 2026-Q2 with the price index
1-year change
+2.1%
FHFA House Price Index
5 years / 10 years
+42.6% / +87.6%
Change in the price index
Median rent (monthly)
$1,067
Gross yield ≈ 5.2% (rent × 12 ÷ value)
Housing units
956,964
585,937 owner-occupied
Rank in United States
#37 of 51
By price · #42 by growth

Price index annual average

020040060020002004200820122016202020242026
Price index

FHFA House Price Index (all transactions): quarterly averages for states, annual index for counties.

Compared with larger areas

AreaMedian (estimate)1 year5 years10 years
United States $370,500 +1.2%+27.9%+80.6%
New Mexico $298,000 +2.1%+42.6%+87.6%

Home prices by county in New Mexico 33 areas · highest first

CountyMedian (estimate)1 year5 years10 yearsRent (monthly)
Los Alamos County $592,800 −2.9% +54.3% +127.0% $1,375
Santa Fe County $508,000 +0.8% +48.3% +94.8% $1,389
Taos County $470,300 +0.1% +54.5% +87.7% $1,034
Sandoval County $368,500 +2.0% +56.6% +96.5% $1,427
Bernalillo County $342,300 +2.9% +53.0% +86.2% $1,144
Rio Arriba County $294,900 +2.6% +56.7% +89.8% $740
Valencia County $274,700 +4.8% +64.8% +101.8% $1,015
Lincoln County $270,000 −1.5% +53.3% +88.2% $956
Doña Ana County $252,200 +1.9% +51.3% +79.5% $934
Eddy County $247,100 +5.4% +26.9% +63.0% $1,245
San Juan County $240,700 +6.2% +50.9% +57.0% $956
San Miguel County $235,600 +14.9% +60.9% +79.7% $823
De Baca County $225,200 +2.1% +42.6% +87.6% $387
Grant County $219,200 +2.4% +56.9% +77.9% $825
Lea County $216,900 +6.2% +31.5% +50.5% $1,101
Sierra County $209,700 +8.3% +61.4% +99.1% $729
Otero County $202,400 +7.9% +58.4% +82.5% $962
Catron County $200,600 +2.1% +42.6% +87.6% $736
Curry County $195,100 +2.7% +34.4% +39.4% $1,024
Torrance County $177,600 −2.5% +48.3% +74.9% $872
Chaves County $176,400 +3.5% +35.5% +63.0% $867
Colfax County $175,800 −1.4% +45.1% +63.7% $729
Cibola County $167,500 +14.2% +55.3% +56.9% $759
Roosevelt County $157,200 +5.8% +34.4% +37.8% $898
Luna County $155,800 −1.9% +58.4% +75.3% $650
Socorro County $151,200 −10.1% +41.6% +54.5% $691
Mora County $147,200 +2.1% +42.6% +87.6% $887
Hidalgo County $133,300 +2.1% +42.6% +87.6% $814
Quay County $132,700 — +59.7% +64.0% $712
Guadalupe County $132,100 +2.1% +42.6% +87.6% $590
Union County $122,700 +0.9% +21.2% +35.6% $683
McKinley County $91,900 +5.0% +38.0% +54.0% $859
Harding County $84,100 +2.1% +42.6% +87.6% $1,038

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The median home value is the Census Bureau's ACS 5-year median (owner-reported value of owner-occupied homes), updated to the latest period with the FHFA House Price Index. It is an estimate for the area, not the price of any particular home. These figures do not represent the sale or appraisal value of any specific property.

Sources: U.S. Census Bureau, American Community Survey 5-year estimates; FHFA House Price Index. Compiled by Fudosan Zukan.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
This product uses FHFA data but is neither endorsed nor certified by FHFA.

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