US housing market report · June 2026
The state of the New Mexico housing market.
Median home value and city-by-city trends across New Mexico, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.
New Mexico median value
$280K
Zillow ZHVI, June 2026
Cities covered
3
with published pages
Report video
Monthly
per city, on each hub
12-month outlook · data through June 2026
Where are New Mexico home values headed?
Current typical value
$279,729
Zillow ZHVI median, June 2026
Past 12 months
+0.4%
change in the median
12 months out
$286,000
if the recent trend continues
Trend projection from the past 12 months, not a prediction. Actual values depend on mortgage rates, inventory, and local conditions.
Where values are climbing
Fastest appreciating New Mexico cities
- $358KUp0.8%
- $657KUp0.4%
- $295KDown0.8%
Where the market is cooling
Fastest cooling New Mexico cities
- $295KDown0.8%
- $657KUp0.4%
- $358KUp0.8%
Priciest markets in the state
Most expensive New Mexico cities by median value
- $657K
- $358K
- $295K
Common questions
What people ask us.
Methodology & attribution
Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in New Mexico, as of June 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the New Mexico market index.