New Mexico Housing Market Forecast 2026–2027

New Mexico home values are up 0.5% YoY — what's next?

OpenRoof Score

Insufficient data

Not enough trustworthy data to score this market yet. OpenRoof Score requires coverage across multiple index dimensions.

Key Market Data — New Mexico

Median Home Value

308,313

Source: Zillow ZHVI

Home Value YoY

0

Source: Zillow ZHVI

Avg Monthly Rent

1,543

Source: Zillow ZORI

Rent YoY

2

Source: Zillow ZORI

Top Metro Markets in New Mexico

Deming, NM
+5.1%
Farmington, NM
+4.8%
Las Vegas, NM
+3.6%
Ruidoso, NM
+3.1%
Grants, NM
+1.8%

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Data sources: Zillow ZHVI (home values, updated mid-month), Zillow ZORI (rent, updated mid-month), Realtor.com (inventory, days on market, updated 1st week of month), U.S. Census ACS (income, population, updated annually). Data as of April 2026.