Housing Market in New Mexico

Compare median home prices, monthly mortgages, and rent-vs-own ratios across 3 cities.

Avg Home Price

$---

Monthly Mortgage

$---

vs. National

---%

below average

Cities Tracked

---

Home Price Landscape

Zillow ZHVI

Median home values by city. Dashed line = national average ($467,370).

$356,585

$338,329

$286,242

City	Median Price	Mortgage/mo	Rent vs Own
Rio Rancho	$356,585	$1,898	1.00
Albuquerque	$338,329	$1,801	0.81
Las Cruces	$286,242	$1,524	0.85

Zillow ZHVI — Zillow Home Value Index provides smoothed, seasonally-adjusted median home values per metro area.

Mortgage Model — 20% down, 7% 30-yr fixed. Property taxes, insurance, HOA are not included. Use as directional guidance only.

Rent vs Own Ratio — Monthly rent ÷ mortgage. Below 0.8 → buying favored. Above 1.2 → renting favored.

Updated monthly · March 2026

Crunching costs, sorting signals, rendering insights.