New Mexico Home Values by City (2026)
The median home value in New Mexico is about $312,500 (~$209/sq ft), 8% more expensive than the typical U.S. home.
$312,500
New Mexico median value
$209
Median price / sq ft
~1,500
sq ft a median budget buys
+8%
vs U.S. median
Considering a move to New Mexico?
Housing in New Mexico is 8% more expensive than the national average, with a typical home around $312,500 and a local rate near $209 per square foot. Among the 3 New Mexico cities we track, Santa Fe is the most expensive (median $654,000) and Las Cruces is the most affordable (median $277,000) — so where you land in the state matters as much as the state itself.
Browse New Mexico cities
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