Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$163,798+4.3% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 15% have cut their price
Income needed to buy, per year$35,508About 0.9× the local median income ($41,456): affordable for a typical household
Days on market70 daysSlower than a year ago: buyers have time to negotiate
The typical home in Luna County, NM is worth $163,798, up 4.3% from a year ago. That is well below what local incomes have historically supported: fair value is about $198,269, so the area is 17.4% undervalued. It is a balanced market: homes take about 70 days to sell, listings are up 1% from a year ago, 15% of listings have had a price cut. A household needs about $35,508 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 $41,456. In the latest IRS figures, 242 more people moved out than in.
Home value over time
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
$163,798
Change in 1 year
+4.3%
Overvalued %
−17.4%
Show 6 more
Fair home value
$198,269
Change in 5 years
+5.8%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$888
Income needed to afford it
$35,508
Property tax rate
0.54%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+1.4%
Days on market
70
Listings with a price cut
15.2%
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Homes for sale
75
Pending sales per 100 listings
23
Asking price per sq ft
$143
People and jobs
Median household income
$41,456
Population change (1 year)
−0.8%
Unemployment rate
5.4%
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Population
25,407
Income adjusted for cost of living
$48,261
Net moves in (IRS)
−242
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
4.0
FEMA hazard risk score (0 to 100)
51.6
Unhealthy air days a year
18
Show 4 more
Flood risk score
57.5
Wildfire risk score
82.1
Walkability (1 to 20)
7.2
Road, rail and air noise
52 dB
Questions people ask
Is Luna County, NM overvalued?
Home prices in Luna County, NM are well below what local incomes have historically supported: fair value is about $198,269, so the area is 17.4% undervalued.
Is Luna County, NM a buyer's or seller's market?
Luna County, NM is a balanced market: homes take about 70 days to sell, listings are up 1% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Luna County, NM?
Home values in Luna County, NM are up 4.3% over the last year.
How much do you need to earn to buy a home in Luna County, NM?
A household needs about $35,508 a year to afford the typical home in Luna County, NM at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $41,456.