Home Values

New Mexico Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$165,300

  • -0.8% 1-year change
  • 2.3% 1-year forecast

The median home value in New Mexico is $165,300. New Mexico home values have declined -0.8% over the past year and Zillow predicts they will rise 2.3% within the next year. The median price of homes currently listed in New Mexico is $199,000. The median rent price in New Mexico is $995.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in New Mexico is 6.0%, which is lower than the national value of 6.4%.

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Relative ZHVI
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New Mexico Market Overview

Data through Jan 31, 2015
  • $165,300 ZHVI
  • 2.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $199,000 Median listing price
  • No data Median sale price
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New Mexico Market Health

Data through Jan 31, 2015
  • 3.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • 131 Average days on Zillow (Dec 31, 2014)
  • No data Homes with negative equity (16.9% US Avg)
  • 6.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby States

Name Median ZHVI
Colorado $263,200
Utah $208,600
Nevada $195,700
Name Median ZHVI
Arizona $192,100
Montana $183,800
Texas $139,200
Name Median ZHVI
Nebraska $133,900
South Dakota $123,700
Oklahoma $111,300

Listings & Sales

Data through Jan 31, 2015
  • $110 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
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New Mexico Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,169 New Mexico
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $995 Rent list price
  • $0.75 Rent list price / sq ft
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