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Los Alamos County, NM housing market

Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources

Typical home value$579,389−0.7% YoY · prices are falling
Market right nowBalanced marketFewer homes for sale than last year, 25% have cut their price
Income needed to buy, per year$125,600About 0.8× the local median income ($149,062): affordable for a typical household
Days on market37 daysFaster than a year ago: sellers have the edge

The typical home in Los Alamos County, NM is worth $579,389, down 0.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $469,456, so the area is 23.4% overvalued. It is a balanced market: homes take about 37 days to sell, listings are down 22% from a year ago, 25% of listings have had a price cut. A household needs about $125,600 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $149,062. Typical rent is $2,554 a month. In the latest IRS figures, 125 more people moved out than in.

Home value over time

$0K$100K$200K$300K$400K$500K$600K19801990200020102020
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.

Prices and affordability

Typical home value$579,389
Change in 1 year−0.7%
Overvalued %+23.4%
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Fair home value$469,456
Change in 5 years+25.9%
Home value to income3.9×
Monthly mortgage payment (20% down)$3,140
Income needed to afford it$125,600
Property tax rate0.55%

Rent and investing

Typical rent$2,554
Price-to-rent ratio18.9×
HUD Fair Market Rent, 2 bedrooms$1,874
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Gross rental yield5.29%
Cap rate (estimate)3.44%

Market activity

Listings vs a year ago−21.7%
Days on market37
Listings with a price cut24.7%
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Homes for sale47
Pending sales per 100 listings60
Asking price per sq ft$299

People and jobs

Median household income$149,062
Population change (1 year)−0.1%
Unemployment rate0.6%
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Population19,407
Income adjusted for cost of living$173,530
Net moves in (IRS)−125
Cost of living (US = 100)85.9

Schools, risk and environment

School rating (1 to 10)10.0
FEMA hazard risk score (0 to 100)3.6
Unhealthy air days a year0
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Flood risk score11.1
Wildfire risk score83.4
Walkability (1 to 20)6.4
Road, rail and air noise56 dB

Questions people ask

Is Los Alamos County, NM overvalued?
Home prices in Los Alamos County, NM are well above what local incomes have historically supported: fair value is about $469,456, so the area is 23.4% overvalued.
Is Los Alamos County, NM a buyer's or seller's market?
Los Alamos County, NM is a balanced market: homes take about 37 days to sell, listings are down 22% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Los Alamos County, NM?
Home values in Los Alamos County, NM are down 0.7% over the last year.
How much do you need to earn to buy a home in Los Alamos County, NM?
A household needs about $125,600 a year to afford the typical home in Los Alamos County, NM at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $149,062.

Nearby and similar counties

ZIP codes in Los Alamos County (open on the map)

See every chart for Los Alamos County, NM on the map