Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$246,341+4.7% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 7% have cut their price
Income needed to buy, per year$53,402About 1.1× the local median income ($49,553): a stretch for a typical household
Days on market99 daysAbout the same pace as a year ago
The typical home in San Miguel County, NM is worth $246,341, up 4.7% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $268,261, so the area is 8.2% undervalued. It is a balanced market, leaning toward sellers: homes take about 99 days to sell, listings are up 10% from a year ago, 7% of listings have had a price cut. A household needs about $53,402 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 $49,553. In the latest IRS figures, 91 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
$246,341
Change in 1 year
+4.7%
Overvalued %
−8.2%
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Fair home value
$268,261
Change in 5 years
+9.5%
Home value to income
5.0×
Monthly mortgage payment (20% down)
$1,335
Income needed to afford it
$53,402
Property tax rate
0.57%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,077
Market activity
Listings vs a year ago
+9.6%
Days on market
99
Listings with a price cut
7.2%
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Homes for sale
80
Pending sales per 100 listings
25
Asking price per sq ft
$206
People and jobs
Median household income
$49,553
Population change (1 year)
−0.7%
Unemployment rate
4.8%
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Population
26,260
Income adjusted for cost of living
$57,687
Net moves in (IRS)
−91
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
4.1
FEMA hazard risk score (0 to 100)
74.6
Flood risk score
83.4
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Wildfire risk score
97.3
Walkability (1 to 20)
6.1
Road, rail and air noise
54 dB
Questions people ask
Is San Miguel County, NM overvalued?
Home prices in San Miguel County, NM are slightly below what local incomes have historically supported: fair value is about $268,261, so the area is 8.2% undervalued.
Is San Miguel County, NM a buyer's or seller's market?
San Miguel County, NM is a balanced market, leaning toward sellers: homes take about 99 days to sell, listings are up 10% from a year ago, 7% of listings have had a price cut.
Are home prices going down in San Miguel County, NM?
Home values in San Miguel County, NM are up 4.7% over the last year.
How much do you need to earn to buy a home in San Miguel County, NM?
A household needs about $53,402 a year to afford the typical home in San Miguel County, NM at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $49,553.