State Housing Market Report
New Mexico Housing Market
30 counties with data · Updated monthly
Avg Home Value
$243,171
▼ 2.2% year-over-year
Avg Rent/Month
$1,553
Homes For Sale
7,468
Counties
30
The New Mexico housing market spans 30 counties with active market data. The average home value across New Mexico is $243,171, down 2.2% year-over-year. Renters in New Mexico pay an average of $1,553 per month. There are currently 7,468 homes listed for sale statewide.
The most expensive county in New Mexico is Los Alamos County with an average home value of $573,216 (down 0.4% YoY). The most affordable is Hidalgo County at $93,349 (down 25.4% YoY). That's a $479,867 spread between the top and bottom of the market.
New Mexico home values are trending downward on average, which may signal buying opportunities for investors looking at wholesale deals or BRRRR strategies. Each county report below includes historical home value charts going back to 2000, bedroom-level price breakdowns, market activity indicators, affordability analysis, and 12-month forecasts from Zillow. Click any county to explore its full market data and ZIP code breakdown.
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All Counties
New Mexico Counties by Home Value
All 32 counties in New Mexico ranked by average home value. Click any county to see its full market report.
Data Sources and Methodology
Market data on this page comes from the Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI), updated monthly by Zillow Research. Statewide averages are computed from individual county data.
Data is refreshed on the 17th of each month.
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