New Mexico Housing Market Report
As of 2026-02-28, the average home price across New Mexico's tracked cities is $341,104, down 2.6% year over year. The fastest-moving market is Albuquerque (+0.7% YoY). 5 cities tracked.
City Comparison
| City | Median Home Price | YoY Change | ZIP Codes |
|---|---|---|---|
| Santa Fe | $686,824 | -0.1% | 5 |
| Albuquerque | $359,583 | +0.7% | 16 |
| Las Cruces | $256,884 | -1.8% | 7 |
| Hanover | $203,101 | -5.1% | 3 |
| Silver City | $199,127 | -6.6% | 3 |
City Reports
Las Cruces Home Prices: $257K, Down 1.6% — 7 ZIPs Analyzed (2026)
Las Cruces home prices fell 1.6% to $257K. See how all 7 ZIPs compare, where rent beats buying, and what the 12-month trend signals for 2026 buyers.
Santa Fe Home Prices: $687K, Up 0.1% — 5 ZIPs Analyzed (2026)
Can you afford Santa Fe? $687K median, barely budging at +0.1%. See which ZIPs start under $455K, rent comparisons, and the full 2026 breakdown.
Albuquerque Home Prices: $360K, Up 0.5% — 16 ZIPs Analyzed (2026)
Albuquerque prices rose 0.5% to $360K. Which ZIPs are cheapest? Full breakdown of 16 neighborhoods, rent data, and 2026 outlook.