What is the median home value in New Mexico?
The median home value in New Mexico is $232,200, with median rent of $1,021/month, according to Census ACS 5-Year estimates. 69.3% of housing units are owner-occupied.
Context
Home values in New Mexico reflect a mix of construction costs, land prices, demand from in-migration, and local zoning. The Census collects self-reported owner estimates, which tend to track but slightly lag actual market sale prices.
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Frequently Asked Questions
The median home value in New Mexico is $232,200, with median rent of $1,021/month, according to Census ACS 5-Year estimates. 69.3% of housing units are owner-occupied.