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

$162,200

  • -4.8% 1-year change
  • 1.8% 1-year forecast

The median home value in New Mexico is $162,200. New Mexico home values have declined -4.8% over the past year and Zillow predicts they will rise 1.8% within the next year. The median rent price in New Mexico is $1,025.

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 the same as the national value of 6.0%.

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Relative ZHVI
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New Mexico Market Overview

Data through May 31, 2015
  • $162,200 ZHVI
  • 1.8% 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
    (May 31, 2016)
  • No data Median listing price
  • No data Median sale price
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New Mexico Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No recent data Average days on Zillow
  • No data Homes with negative equity (15.4% US Avg)
  • 6.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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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 May 31, 2015
  • Zillow Rent Index

  • $1,185 New Mexico
    $1,367 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
  • $1,025 Rent list price
  • $0.77 Rent list price / sq ft
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