Market Intelligence · NM
New Mexico housing market.
Real market data across 5 cities and 29 ZIP markets in NM. The typical home is worth about $281K.
The median home value in New Mexico is $281K as of August 2026, up 3.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.
Market board
Which New Mexico markets have the highest home values?
As of August 2026
- 1Santa Fe, NM$647,966Up1.1%5 ZIP markets; open the Santa Fe, NM market page
- 2White Rock, NM$590,275Down0.3%1 ZIP market; open the White Rock, NM market page
- 3Rio Rancho, NM$361,574Up0.7%2 ZIP markets; open the Rio Rancho, NM market page
- 4Albuquerque, NM$354,361Up1.7%16 ZIP markets; open the Albuquerque, NM market page
- 5Las Cruces, NM$293,549Down1.2%5 ZIP markets; open the Las Cruces, NM market page
Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of August 2026. 1-yr change compares that median to the same ZIPs a year earlier. More NM markets publish as their data clears editorial QA.
Zillow ZHVI, August 2026
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The market is moving
Latest housing news
home affordability
Home Affordability Near 7% Rates Favors Sellers Under $289K
refinance rates
Refinance Rates Jumped 35 Bps. Sellers Should Ignore It
Federal Reserve interest rate decision
Fed Rate Hike Shrinks Seller Competition, Prices Up 3%
home sales
Home Sales at 7% Mortgage Rates: Sorted, Not Stopped