Real Estate Price Maphome prices by county

San Miguel County, NM home prices

San Miguel County, NM: the typical home is worth $256,244 as of 2026-05, up +8.3% over the past year and n/a since 2000. Listings run about $214/sq ft…

Data as of · by the Real Estate Price Map data team · methodology & sources

San Miguel County is accelerating and overvalued — affordable for what people here earn.

Momentum+8.3%Heating up
Valuation+47%High bubble risk
Affordability6/10Affordable
Market58 daysBalanced

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1992: $107,762 → 2026: $256,244 (2.4×) pre-2000 estimated via FHFA index

Typical value$256,2442026-05
1-year+8.3%
5-year+21.5%
10-year+58.2%
Since 2000n/a
Population26k2024
Median income$46,3182023 · 5.5× income
Price / sq ft$214listings
Days on market582026-06
Active listings792026-06
Price cuts8%of listings

Market read

At $256,244, homes in San Miguel County sit 11% above the New Mexico median ($231,172) and 10% above the US median ($233,954). That ranks #11 of 30 New Mexico counties by price.

Prices are climbing fast (+8.3% in the last year) — a seller's market.

Homes here move at a steady pace — a median 58 days on the market, with 8% of listings cutting their asking price.

At 5.5× local income, that's pricier than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~47% expensive for local incomes and rents.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Santa Fe County, NM ($558,898) · Quay County, NM ($102,159) · Colfax County, NM ($250,081) · De Baca County, NM ($101,831) · Torrance County, NM ($230,249) · Los Alamos County, NM ($584,419)

Frequently asked questions

What is the average home price in San Miguel County, NM?
The typical home in San Miguel County is worth $256,244 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in San Miguel County rising or falling?
Prices are up +8.3% over the past year and n/a since 2000 — a seller's market.
Is San Miguel County affordable?
At 5.5× the local median income of $46,318, San Miguel County is pricier than the typical US county.
How fast do homes sell in San Miguel County?
Homes here take a median of 58 days to sell, with 8% of listings cutting their asking price.
Median home value by year
YearMedian home value
2012$166,751
2013$165,315
2014$163,888
2015$155,908
2016$163,443
2017$161,472
2018$166,794
2019$178,950
2020$184,787
2021$201,489
2022$229,368
2023$223,376
2024$222,869
2025$237,316
2026$248,020