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

$162,000

  • -5.2% 1-year change
  • 2.2% 1-year forecast

The median home value in New Mexico is $162,000. New Mexico home values have declined -5.2% over the past year and Zillow predicts they will rise 2.2% within the next year. The median rent price in New Mexico is $1,000.

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 5.9%, which is lower than the national value of 6.3%.

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Relative ZHVI
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New Mexico Market Overview

Data through Apr 30, 2015
  • $162,000 ZHVI
  • 2.2% 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
    (Apr 30, 2016)
  • No data Median listing price
  • No data Median sale price
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New Mexico Market Health

Data through Apr 30, 2015
  • 0.4/10 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.
    (Feb 28, 2015)
  • 124 Average days on Zillow (Mar 31, 2015)
  • No data Homes with negative equity (16.9% US Avg)
  • 5.9% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Cities in New Mexico

Name Median ZHVI
Santa Fe $339,100
Albuquerque $182,400
Las Cruces $142,000
Name Median ZHVI
Los Lunas $108,300
Belen $104,900
 

Listings & Sales

  • No data
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New Mexico Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,196 New Mexico
    $1,364 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
  • $1,000 Rent list price
  • $0.78 Rent list price / sq ft
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