New Mexico housing market
The median home value in New Mexico is $320K as of May 2026, up 1.2% over the past year. Explore the New Mexico home-price trend, 12-month outlook, and every county below.
Median home value
$320K
as of May 2026
1-year change
+1.2%
year-over-year
New Mexico home-value trend
Updated May 2026Typical home value (Zillow ZHVI), last 10 years, vs. the U.S..
New Mexico median home value over time
| Date | Typical home value |
|---|---|
| Jul 2016 | $178K |
| Jul 2018 | $189K |
| Jun 2020 | $212K |
| Jun 2022 | $288K |
| May 2024 | $309K |
| May 2026 | $320K |
New Mexico home prices by county
Browse all 33 counties in New Mexico. Each shows home values, a 12-month forecast, crash and climate risk, property tax, and cap rate.
Top movers in New Mexico
The New Mexico counties drawing the most new residents on the latest IRS county-to-county migration data. See where people are moving from and to in each.
See where people are moving nationwide →New Mexico housing market FAQ
What is the median home price in New Mexico?
The median home value in New Mexico is $320K as of May 2026, up 1.2% over the past year. Curb Report tracks New Mexico home values monthly from Zillow's home value index, with a county-by-county breakdown.
Is now a good time to buy a home in New Mexico?
Curb Report's 12-month price forecast for New Mexico currently points to mixed signals. Weigh it against the New Mexico home-price trend and each county's outlook below before you buy.
Will the New Mexico housing market crash?
New Mexico's housing crash risk is currently moderate, based on how prices compare with local fundamentals and the 2008 baseline. Elevated risk doesn't predict a crash; it flags where the downside is larger if conditions turn. See the county-by-county crash-risk breakdown on Curb Report.
How much have home values changed in New Mexico?
New Mexico home values are up 1.2% over the past year, with the typical home now worth $320K. Explore the full 10-year New Mexico home-value trend above.