Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$107,344−9.9% YoY · prices are falling fast
Market right nowBuyer's marketFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$23,270About 0.5× the local median income ($49,814): affordable for a typical household
Days on market212 daysSlower than a year ago: buyers have time to negotiate
The typical home in Union County, NM is worth $107,344, down 9.9% from a year ago. That is well below what local incomes have historically supported: fair value is about $129,047, so the area is 16.8% undervalued. It is a buyer's market: homes take about 212 days to sell, listings are down 0% from a year ago, 0% of listings have had a price cut. A household needs about $23,270 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 $49,814. In the latest IRS figures, 45 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
$107,344
Change in 1 year
−9.9%
Overvalued %
−16.8%
Show 6 more
Fair home value
$129,047
Change in 5 years
−3.0%
Home value to income
2.2×
Monthly mortgage payment (20% down)
$582
Income needed to afford it
$23,270
Property tax rate
0.70%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
0.0%
Days on market
212
Listings with a price cut
0.0%
Show 3 more
Homes for sale
14
Pending sales per 100 listings
7
Asking price per sq ft
$119
People and jobs
Median household income
$49,814
Population change (1 year)
−2.4%
Unemployment rate
6.2%
Show 4 more
Population
3,844
Income adjusted for cost of living
$57,991
Net moves in (IRS)
−45
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
8.5
FEMA hazard risk score (0 to 100)
12.1
Flood risk score
7.1
Show 3 more
Wildfire risk score
88.8
Walkability (1 to 20)
7.8
Road, rail and air noise
53 dB
Questions people ask
Is Union County, NM overvalued?
Home prices in Union County, NM are well below what local incomes have historically supported: fair value is about $129,047, so the area is 16.8% undervalued.
Is Union County, NM a buyer's or seller's market?
Union County, NM is a buyer's market: homes take about 212 days to sell, listings are down 0% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Union County, NM?
Home values in Union County, NM are down 9.9% over the last year.
How much do you need to earn to buy a home in Union County, NM?
A household needs about $23,270 a year to afford the typical home in Union County, NM at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $49,814.