New Mexico Home Prices & Values

$167,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -0.4% 1-year change
  • 1.2% 1-year forecast

The median home value in New Mexico is $167,100. New Mexico home values have declined -0.4% over the past year and Zillow predicts they will rise 1.2% within the next year. The median price of homes currently listed in New Mexico is $204,500. The median rent price in New Mexico is $1,015.

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 6.9%.

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Relative ZHVI
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New Mexico Market Overview

Data through Jul 31, 2014
  • $167,100 ZHVI
  • 1.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $204,500 Median listing price
  • No data Median sale price
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New Mexico Market Health

Data through Jul 31, 2014
  • 1.7/10 Less healthy What's This?  
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    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.

  • 105 Average days on Zillow (Jun 30, 2014)
  • No data Homes with negative equity (17.0% US Avg)
  • 6.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in New Mexico

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

Listings & Sales

Data through Jul 31, 2014
  • $115 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 36.4% Listings with price cut
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New Mexico Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,139 New Mexico
$1,318 United States
  • No data Breakeven horizon
  • $1,015 Rent list price
  • $0.75 Rent list price / sq ft
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