ZIP Code Market Report
88061 — Silver City, NM
Data through February 2026 · Updated monthly
Avg Home Value
$221,205
▼ 11.6% year-over-year
Month-over-Month
-1.0%
▼ 1.0%
Single Family
$219,660
Condo / Co-op
--
The average home value in the 88061 ZIP code (Silver City, NEW-MEXICO) is $221,205 as of February 2026. Home prices are declining, down 11.6% compared to last year.
A 3-bedroom home in 88061 is valued at $275,028. 1-bedroom units start around $142,853.
The market in 88061 has a $223,074 spread between bottom-tier homes at $138,429 and top-tier homes at $361,503. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 88061 ZIP code will decrease 0.7% over the next 12 months, bringing the projected average to approximately $219,657. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Grant County market area in NEW-MEXICO. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Grant County report.
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Market Snapshot
88061 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $224,655 | $223,485 | $221,205 | ▼ 1.5% |
| Single Family Value | $221,230 | $220,015 | $219,660 | ▼ 0.7% |
Home Values
88061 Home Value Trend
Historical home values for ZIP code 88061. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 88061
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $142,853 |
| 2 Bedrooms | $188,184 |
| 3 Bedrooms | $275,028 |
| 4 Bedrooms | $329,195 |
Property Types
Home Values by Property Type in 88061
How different property types compare in this ZIP code.
All Homes
$221,205
Single Family
$219,660
Bottom Tier
$138,429
Top Tier
$361,503
Forecast
12-Month Home Value Forecast for 88061
Zillow projects home values in 88061 will decrease 0.7% over the next year, reaching approximately $219,657.
Current Value
$221,205
Projected Change
-0.7%
▼ 0.7%
Projected Value
$219,657
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 88061 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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