House Prices

House Prices & Home Values Bluewater, NM 2026


Average Data

average house price$165,000
average size per house2400 ft²
average price per ft²69 $ / ft²

05/21/2026 - The value range (VR) for house prices in Bluewater, NM is $160/ sqft to $160/ sqft. An average home with 2400 sqft costs approximately $384,000 to $384,000. Bluewater, NM includes 1 ZIP codes and it is located in Cibola county. The lowest prices are found in ZIP 87005, while the highest are in ZIP 87005. The average price per sqare feet is $69. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Bluewater

87005176 $ / ft²




Historical development of home values in Bluewater

Year Estimated value (USD) Change vs. 2025
2010 $76,629 -53.6%
2011 $73,666 -55.4%
2012 $73,467 -55.5%
2013 $76,213 -53.8%
2014 $80,003 -51.5%
2015 $84,109 -49.0%
2016 $88,499 -46.4%
2017 $93,275 -43.5%
2018 $98,432 -40.3%
2019 $102,996 -37.6%
2020 $108,320 -34.4%
2021 $123,203 -25.3%
2022 $143,627 -13.0%
2023 $151,461 -8.2%
2024 $160,223 -2.9%
2025 $165,000 0.0%

Graph: estimated home values in Bluewater over time (USD)



Example: 100% financing house in Bluewater

Loan amount: $165,000

Interest rate: 6.00%

Fixed monthly payment: $989.26

Breakdown in the 1st month:
Interest portion: $825.00  –  Principal portion: $164.26

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,844.88 $2,026.22 $162,973.78
2 $9,719.91 $2,151.19 $160,822.59
3 $9,587.23 $2,283.87 $158,538.72
4 $9,446.36 $2,424.74 $156,113.98
5 $9,296.81 $2,574.29 $153,539.69
6 $9,138.03 $2,733.07 $150,806.62
7 $8,969.46 $2,901.64 $147,904.99
8 $8,790.50 $3,080.60 $144,824.38
9 $8,600.49 $3,270.61 $141,553.78
10 $8,398.77 $3,472.33 $138,081.45
11 $8,184.60 $3,686.50 $134,394.95
12 $7,957.23 $3,913.87 $130,481.08
13 $7,715.83 $4,155.27 $126,325.81
14 $7,459.54 $4,411.56 $121,914.25
15 $7,187.45 $4,683.65 $117,230.59
16 $6,898.57 $4,972.53 $112,258.06
17 $6,591.87 $5,279.23 $106,978.83
18 $6,266.26 $5,604.84 $101,374.00
19 $5,920.57 $5,950.53 $95,423.47
20 $5,553.55 $6,317.55 $89,105.92
21 $5,163.90 $6,707.20 $82,398.72
22 $4,750.21 $7,120.89 $75,277.83
23 $4,311.01 $7,560.09 $67,717.74
24 $3,844.72 $8,026.38 $59,691.37
25 $3,349.68 $8,521.43 $51,169.94
26 $2,824.09 $9,047.01 $42,122.94
27 $2,266.09 $9,605.01 $32,517.93
28 $1,673.68 $10,197.42 $22,320.50
29 $1,044.72 $10,826.38 $11,494.13
30 $376.97 $11,494.13 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Bluewater, NM


1500 sqft3900 sqft
Ø selling price$125,236$266,409
Ø fast selling$113,851$239,769
Ø high price sale$136,620$293,050

In 2026, houses in Bluewater, NM will be offered at an average price of $69 per square foot. A 1,500 sqft home priced at $125,236 is 25.30% more expensive per square foot than a 3,900 sqft home priced at $266,409. Home prices in Bluewater, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $184,438. Sellers who can wait longer may achieve a higher price of up to $225,424.


Bluewater, NM Travel Guide

Overview

Bluewater, NM, a quiet community in Cibola County, lies between Grants and Gallup along I-40 in the high desert of western New Mexico.
Visitors come for the scenic mesas, star-filled skies, and the gateway to Bluewater Lake State Park. This small destination offers authentic Southwest charm with easy access to Route 66 attractions in nearby Grants.

Outdoor Recreation

At Bluewater Lake State Park, anglers chase renowned tiger muskies while families enjoy shoreline picnics and wildlife viewing. Miles of trails invite hiking, horseback riding, and birding, with frequent sightings of eagles, herons, and elk.
Campgrounds accommodate RVs and tents, and the lake?s elevation delivers cool summer temperatures ideal for sunset paddles and camping.

History & Nature

The area?s volcanic geology and sandstone bluffs tell a deep-time story, complemented by nearby mining and railroad heritage exhibits. Photographers favor golden-hour vistas over the water, where mirrored clouds and red rock formations create striking compositions.

Practical Info

Plan ahead by checking water levels, fishing regulations, and seasonal closures, as services in Bluewater are limited. Base yourself in Grants for dining and supplies, then day-trip to Bluewater for fishing, camping, stargazing, and wide-open tranquility.



FAQ – Home Values in Bluewater

What is the median home value in Bluewater in 2026?

In 2026, the typical home value in Bluewater is about $165,000 for an average home size of 2400 square feet. This corresponds to an average price of roughly $69 per square foot.

What is the average cost per square foot in Bluewater?

In 2026, homes in Bluewater sell for an average of around $69 per square foot, with a typical range between $160 and $160 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Bluewater is about 2400 square feet, with an estimated 2026 value around $165,000.



Locations close to Bluewater, NM

Bosque, NM142 $ / ft²
Casa Blanca, NM175 $ / ft²
Cedar Crest, NM173 $ / ft²
Bernalillo, NM130 $ / ft²
Belen, NM108 $ / ft²
Algodones, NM168 $ / ft²
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