What are current home values in New Mexico?

The median home value in New Mexico is $318,241 as of August 2026. This represents a 1.7% increase year-over-year.

How do home values in New Mexico compare to the national average?

The median home value in New Mexico ($318,241) is lower than the U.S. national median ($368,697), representing a 13.7% difference.

Which counties in New Mexico have the highest home values?

The counties with the highest median home values in New Mexico include: Los Alamos County ($593,582), Santa Fe County ($561,080), Taos County ($443,964), Sandoval County ($379,212), Bernalillo County ($353,723).

What metros in New Mexico have the fastest growing home values?

Metro areas with the highest year-over-year home value growth in New Mexico include: Farmington, NM (6.0%), Albuquerque, NM (1.1%), Santa Fe, NM (0.5%).

New Mexico Housing Market

$318,241

1.7% 1-yr

The average New Mexico home value is $318,241, up 1.7% over the past year, and homes go to pending in around 24 days. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

New Mexico Key Takeaways

Typical Home Values: $318,241

1-Year Value Change: +1.7%

(Data through August 31, 2026)

New Mexico Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 8,909 (August 31, 2026)

New Listings: 2,252 (August 31, 2026)

Median Sale to List Ratio: 0.991 (July 31, 2026)

Median Sale Price: $346,858 (June 30, 2026)

Median List Price: $399,000 (August 31, 2026)

Percent of Sales Over List Price: 18.7% (July 31, 2026)

Percent of Sales Under List Price: 54.4% (July 31, 2026)

Median Days to Pending: 24 (August 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Wagon Mound

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New Mexico Rental Market Trends

Average Rent: --

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.