Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$96,160−3.8% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 8% have cut their price
Income needed to buy, per year$20,845About 0.4× the local median income ($47,346): affordable for a typical household
Days on market138 daysSlower than a year ago: buyers have time to negotiate
The typical home in Quay County, NM is worth $96,160, down 3.8% from a year ago. That is well below what local incomes have historically supported: fair value is about $121,568, so the area is 20.9% undervalued. It is a buyer's market: homes take about 138 days to sell, listings are up 26% from a year ago, 8% of listings have had a price cut. A household needs about $20,845 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 $47,346. In the latest IRS figures, 5 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
$96,160
Change in 1 year
−3.8%
Overvalued %
−20.9%
Show 6 more
Fair home value
$121,568
Change in 5 years
+3.6%
Home value to income
2.0×
Monthly mortgage payment (20% down)
$521
Income needed to afford it
$20,845
Property tax rate
0.61%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,019
Market activity
Listings vs a year ago
+25.8%
Days on market
138
Listings with a price cut
7.8%
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Homes for sale
39
Pending sales per 100 listings
13
Asking price per sq ft
$118
People and jobs
Median household income
$47,346
Population change (1 year)
−1.0%
Unemployment rate
7.4%
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Population
8,454
Income adjusted for cost of living
$55,118
Net moves in (IRS)
−5
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
26.0
Flood risk score
38.5
Show 3 more
Wildfire risk score
85.7
Walkability (1 to 20)
8.0
Road, rail and air noise
53 dB
Questions people ask
Is Quay County, NM overvalued?
Home prices in Quay County, NM are well below what local incomes have historically supported: fair value is about $121,568, so the area is 20.9% undervalued.
Is Quay County, NM a buyer's or seller's market?
Quay County, NM is a buyer's market: homes take about 138 days to sell, listings are up 26% from a year ago, 8% of listings have had a price cut.
Are home prices going down in Quay County, NM?
Home values in Quay County, NM are down 3.8% over the last year.
How much do you need to earn to buy a home in Quay County, NM?
A household needs about $20,845 a year to afford the typical home in Quay County, NM at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $47,346.