New Mexico housing market
NM1 covered cityData through May 2026
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Key housing metrics
Typical home value
$320K
+1.2% YoY
Median rent (covered cities)
$1,480/mo
Covered cities
1
Home valueSource: Zillow Research ZHVI, state level — smoothed, seasonally adjusted
Value YoYSource: The Narraitive on Zillow Research ZHVI
Covered markets in New Mexico
| Market | Home value | Value YoY | Rent | Rent YoY |
|---|---|---|---|---|
| Albuquerque | $349K | +1% | $1,480 | +0.3% |
Frequently asked questions
- What is the typical home value in New Mexico?
- The typical home value in New Mexico is $320K (+1.2% YoY) as of May 2026, per Zillow Research's state-level ZHVI (smoothed, seasonally adjusted, middle price tier). The two-year trend and growth rate are charted above and refresh monthly.
- Is now a good time to buy a house in New Mexico?
- The Narraitive does not provide real-estate, investment, or financial advice. Housing is local: statewide numbers hide city-level differences, so check the covered New Mexico city dashboards below against inventory, affordability, and rent-vs-buy math — and consult a licensed local professional for advice specific to your situation.
Methodology: state figures are Zillow Research’s state-level ZHVI (typical home value, middle price tier, smoothed and seasonally adjusted); city rows use the same city-level series documented on each city page. Data provided by Zillow (zillow.com/research/data), used with attribution; refreshed monthly. Never real-estate, investment, or financial advice. Corrections: hello@thenarraitive.com.