House Prices

Downtown Gallup Gallup, NM House Prices & Home Values 2026


Average Data

average house price$190,620
average size per house1812 ft²
average price per ft²110 $ / ft²

04/04/2026 - The value range (VR) for house prices in Downtown Gallup Gallup, NM is $104.5/ sqft to $115.5/ sqft. An average home with 1812 sqft costs approximately $196,361 to $217,030. Gallup, NM includes 1 ZIP codes and it is located in McKinley county. The lowest prices are found in ZIP 87301, while the highest are in ZIP 87301. The average price per sqare feet is $110. Our analysis is based on 47 property listings.

Avergage prices by ZIP codes Downtown Gallup Gallup

87301133 $ / ft²




Historical development of home values in Downtown Gallup Gallup

Year Estimated value (USD) Change vs. 2025
2010 $88,527 -53.6%
2011 $85,104 -55.4%
2012 $84,875 -55.5%
2013 $88,047 -53.8%
2014 $92,425 -51.5%
2015 $97,169 -49.0%
2016 $102,240 -46.4%
2017 $107,758 -43.5%
2018 $113,716 -40.3%
2019 $118,988 -37.6%
2020 $125,140 -34.4%
2021 $142,333 -25.3%
2022 $165,928 -13.0%
2023 $174,979 -8.2%
2024 $185,102 -2.9%
2025 $190,620 0.0%

Graph: estimated home values in Downtown Gallup Gallup over time (USD)



Example: 100% financing house in Downtown Gallup Gallup

Loan amount: $190,620

Interest rate: 6.22%

Fixed monthly payment: $1,170.21

Breakdown in the 1st month:
Interest portion: $988.36  –  Principal portion: $181.85

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,797.06 $2,245.47 $188,374.53
2 $11,653.29 $2,389.24 $185,985.29
3 $11,500.32 $2,542.21 $183,443.07
4 $11,337.55 $2,704.98 $180,738.09
5 $11,164.37 $2,878.17 $177,859.93
6 $10,980.09 $3,062.44 $174,797.49
7 $10,784.02 $3,258.52 $171,538.97
8 $10,575.39 $3,467.14 $168,071.83
9 $10,353.40 $3,689.13 $164,382.70
10 $10,117.21 $3,925.33 $160,457.37
11 $9,865.88 $4,176.65 $156,280.72
12 $9,598.47 $4,444.06 $151,836.66
13 $9,313.94 $4,728.59 $147,108.07
14 $9,011.19 $5,031.34 $142,076.73
15 $8,689.06 $5,353.48 $136,723.25
16 $8,346.30 $5,696.23 $131,027.02
17 $7,981.60 $6,060.94 $124,966.08
18 $7,593.54 $6,448.99 $118,517.09
19 $7,180.64 $6,861.89 $111,655.20
20 $6,741.31 $7,301.23 $104,353.98
21 $6,273.84 $7,768.69 $96,585.29
22 $5,776.45 $8,266.08 $88,319.21
23 $5,247.21 $8,795.32 $79,523.89
24 $4,684.09 $9,358.45 $70,165.44
25 $4,084.91 $9,957.62 $60,207.82
26 $3,447.37 $10,595.16 $49,612.65
27 $2,769.01 $11,273.52 $38,339.13
28 $2,047.22 $11,995.31 $26,343.82
29 $1,279.21 $12,763.32 $13,580.50
30 $462.04 $13,580.50 $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 Downtown Gallup Gallup, NM


1500 sqft3900 sqft
Ø selling price$207,038$440,425
Ø fast selling$188,216$396,382
Ø high price sale$225,859$484,467

In 2026, houses in Downtown Gallup Gallup, NM will be offered at an average price of $110 per square foot. A 1,500 sqft home priced at $207,038 is 23.85% more expensive per square foot than a 3,900 sqft home priced at $440,425. Home prices in Downtown Gallup Gallup, NM vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $304,910. Sellers who can wait longer may achieve a higher price of up to $372,667.


Discover Downtown Gallup, NM

Overview

Downtown Gallup in Gallup, NM blends historic Route 66 charm with a walkable, small-town Main Street vibe.
The neighborhood centers on Coal Avenue and Route 66, where vibrant murals, neon, and classic facades meet the BNSF rail line and the Amtrak Southwest Chief station.

Arts & Culture

A celebrated hub for Native American arts, Downtown Gallup hosts galleries and trading posts featuring Navajo, Zuni, and Hopi craftsmanship.
Street art, the Rex Museum, and regular art walks showcase the city?s multicultural heritage and creative energy.

Dining & Shopping

Local restaurants serve New Mexican staples like red and green chile alongside diners that nod to classic Route 66 road culture.
Boutiques and long-running trading companies offer rugs, jewelry, pottery, and ethically sourced souvenirs in the heart of Gallup, NM.

Outdoors & Events

Monthly ArtsCrawl nights and summertime Nightly Indian Dances at Courthouse Square fill downtown with music, vendors, and family-friendly activities.
Nearby, the High Desert Trail System and Red Rock Park are easy day trips for hiking, biking, and photography.

Living & Access

Housing options around the core include historic bungalows, upstairs lofts, and modest single-family homes that appeal to residents who value character and convenience.
Quick access to I-40, U.S. 491, and the train station makes downtown a practical base for commuters, travelers, and outdoor explorers.



FAQ – Home Values in Downtown Gallup Gallup

What is the median home value in Downtown Gallup Gallup in 2026?

In 2026, the typical home value in Downtown Gallup Gallup is about $190,620 for an average home size of 1812 square feet. This corresponds to an average price of roughly $110 per square foot.

What is the average cost per square foot in Downtown Gallup Gallup?

In 2026, homes in Downtown Gallup Gallup sell for an average of around $110 per square foot, with a typical range between $104.5 and $115.5 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Downtown Gallup?

The average home size in Downtown Gallup Gallup is about 1812 square feet, with an estimated 2026 value around $190,620.



Neighborhoods close to Downtown Gallup Gallup, NM

El Potrero Chimayo, NM327 $ / ft²
La Huerta Carlsbad, NM110 $ / ft²
Zia Crossing Hobbs, NM121 $ / ft²
Enchanted Hills Rio Rancho, NM161 $ / ft²
  imprint  Privacy