House Prices

House Prices & Home Values Sheep Springs, NM 2026


Average Data

average house price$183,819
average size per house1747 ft²
average price per ft²106 $ / ft²

04/15/2026 - The value range (VR) for house prices in Sheep Springs, NM is $134/ sqft to $134/ sqft. An average home with 1747 sqft costs approximately $234,098 to $234,098. Sheep Springs, NM includes 1 ZIP codes and it is located in San Juan county. The lowest prices are found in ZIP 87364, while the highest are in ZIP 87364. The average price per sqare feet is $106. Our analysis is based on 47 property listings.

Avergage prices by ZIP codes Sheep Springs

87364143 $ / ft²




Historical development of home values in Sheep Springs

Year Estimated value (USD) Change vs. 2025
2010 $85,369 -53.6%
2011 $82,068 -55.4%
2012 $81,847 -55.5%
2013 $84,906 -53.8%
2014 $89,128 -51.5%
2015 $93,702 -49.0%
2016 $98,592 -46.4%
2017 $103,914 -43.5%
2018 $109,659 -40.3%
2019 $114,743 -37.6%
2020 $120,675 -34.4%
2021 $137,255 -25.3%
2022 $160,008 -13.0%
2023 $168,736 -8.2%
2024 $178,498 -2.9%
2025 $183,819 0.0%

Graph: estimated home values in Sheep Springs over time (USD)



Example: 100% financing house in Sheep Springs

Loan amount: $183,819

Interest rate: 6.00%

Fixed monthly payment: $1,102.09

Breakdown in the 1st month:
Interest portion: $919.10  â€“  Principal portion: $182.99

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $10,967.73 $2,257.32 $181,561.68
2 $10,828.51 $2,396.55 $179,165.14
3 $10,680.69 $2,544.36 $176,620.78
4 $10,523.76 $2,701.29 $173,919.49
5 $10,357.15 $2,867.90 $171,051.59
6 $10,180.27 $3,044.78 $168,006.80
7 $9,992.47 $3,232.58 $164,774.22
8 $9,793.09 $3,431.96 $161,342.26
9 $9,581.42 $3,643.63 $157,698.63
10 $9,356.69 $3,868.37 $153,830.26
11 $9,118.09 $4,106.96 $149,723.30
12 $8,864.79 $4,360.27 $145,363.04
13 $8,595.85 $4,629.20 $140,733.84
14 $8,310.34 $4,914.72 $135,819.12
15 $8,007.21 $5,217.85 $130,601.28
16 $7,685.38 $5,539.67 $125,061.60
17 $7,343.71 $5,881.35 $119,180.26
18 $6,980.96 $6,244.10 $112,936.16
19 $6,595.84 $6,629.22 $106,306.94
20 $6,186.96 $7,038.09 $99,268.85
21 $5,752.87 $7,472.19 $91,796.67
22 $5,292.00 $7,933.06 $83,863.61
23 $4,802.70 $8,422.35 $75,441.26
24 $4,283.23 $8,941.82 $66,499.44
25 $3,731.72 $9,493.33 $57,006.11
26 $3,146.19 $10,078.86 $46,927.25
27 $2,524.55 $10,700.50 $36,226.75
28 $1,864.57 $11,360.49 $24,866.26
29 $1,163.88 $12,061.18 $12,805.08
30 $419.97 $12,805.08 $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 Sheep Springs, NM


1500 sqft3900 sqft
Ø selling price$192,391$409,267
Ø fast selling$174,900$368,340
Ø high price sale$209,881$450,193

In 2026, houses in Sheep Springs, NM will be offered at an average price of $106 per square foot. A 1,500 sqft home priced at $192,391 is 24.49% more expensive per square foot than a 3,900 sqft home priced at $409,267. Home prices in Sheep Springs, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $283,338. Sellers who can wait longer may achieve a higher price of up to $346,302.


Explore Sheep Springs, NM

Overview

Sheep Springs, New Mexico is a small community within the Navajo Nation in northwest New Mexico, known for wide-open high-desert vistas and rich Diné culture.
Situated in the Four Corners region, it offers a quiet, authentic stop for travelers seeking less-crowded Southwestern experiences.

Location and Landscape

Located along US Route 491 between Gallup and Shiprock, Sheep Springs serves as a convenient waypoint for road trippers exploring the high desert.
At an elevation around 6,000 feet, the landscape features mesas, piñon-juniper woodlands, and sweeping skies ideal for sunrise and sunset photography.

Culture and History

Sheep Springs has deep ties to Navajo sheep herding traditions, with local trading posts and markets reflecting craftsmanship in weaving and jewelry.
Nearby cultural landmarks and chapter houses provide insight into community life, ceremonies, and the resilience of Diné history.

Things to Do and Nearby Attractions

Popular regional highlights include Chaco Culture National Historical Park to the east and the iconic Shiprock pinnacle to the north, plus scenic drives on permitted tribal and public lands.
Photography, cultural touring, and outdoor exploration are favored activities, while Gallup offers additional dining, lodging, and events.

Travel Tips

Plan for limited services in Sheep Springs itself, carry water and fuel, and follow Navajo Nation guidelines regarding permits, private property, and sacred sites.
For an authentic Northern Navajo travel experience, Sheep Springs, NM offers tranquility, cultural depth, and easy access to renowned Southwest landscapes.



FAQ – Home Values in Sheep Springs

What is the median home value in Sheep Springs in 2026?

In 2026, the typical home value in Sheep Springs is about $183,819 for an average home size of 1747 square feet. This corresponds to an average price of roughly $106 per square foot.

What is the average cost per square foot in Sheep Springs?

In 2026, homes in Sheep Springs sell for an average of around $106 per square foot, with a typical range between $134 and $134 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 Sheep Springs is about 1747 square feet, with an estimated 2026 value around $183,819.



Locations close to Sheep Springs, NM

Yatahey, NM91 $ / ft²
Farmington, NM118 $ / ft²
Aztec, NM114 $ / ft²
Pinehill, NM127 $ / ft²
Jamestown, NM135 $ / ft²
Navajo, NM84 $ / ft²
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