Zillow New Mexico Homes For Sale (2024)

FAQs

What is the nicest city to live in New Mexico? ›

While it's still getting more expensive to buy here — the median sale price increased by $25,000 to just under $310,000 from July 2021 to July 2022, according to the New Mexico Association of Realtors — buying doesn't feel so rushed now.

Are New Mexico home prices dropping or rising? Home prices in New Mexico are rising overall. Median home prices are up 5.1% since May 2023 and up 10.6% in the past 3 years.

The current New Mexico real estate market statistics reflect the national trend of high demand and low supply. Despite the strong housing demand, home sales tanked. The property prices in New Mexico have increased regardless.

Cost of living: New Mexico's cost of living is generally lower than the national average, which could be an advantage for retirees on a fixed income. However, housing and healthcare costs can be higher than in some other states.

Many families need to be in their new home by the start of the school year, and house-hunting is easier when days are warmer and longer. Fall and winter typically see the lowest amount of homebuying activity.

March to June are the best months to buy a house in New Mexico. During these months, low competition and competitive prices can get you a good deal on your future home.

Albuquerque, New Mexico's largest city, stands out as the best place to buy rental property. The city offers a diverse job market, numerous cultural attractions, and a growing population, resulting in strong and consistent demand for both short-term and long-term rentals.

Where is the nicest place to live in New Mexico? ›

Los Alamos tops the list of best places to live in New Mexico. It is a breathtaking region located in Central Northern New Mexico situated across four mesas in White Rock Canyon and Pajarito Plateau.

In New Mexico, the richest city is Santa Fe: Median household income, 2022: $72,544 – the highest of the 4 state metro areas. Statewide median household income, 2022: $59,726 – #43 highest of 50 states.

Similarly, the state average effective property tax rate equals 0.73%. The primary reason why property taxes in New Mexico stay so low is that the state has set a 3% annual cap on the amount a property's taxable value can increase. That means that even as home prices rise, property taxes will remain steady.

According to the report, the wealthiest city in New Mexico is Corrales Village. Here are some Corrales Village statistics: Median household income: $85,580 (24.6% more than U.S. median income) Households earning over $200,000: 612 (16.5% of households)

Los Alamos has been named New Mexico's richest town by 24/7 Wall Street. A 12,000-person town in northern New Mexico has a median household income of $107,031. Los Alamos has been named New Mexico's richest town by 24/7 Wall Street.

Los Alamos County took the number-one spot, again, thanks to its population health, availability of affordable housing, infrastructure, and more.