House Prices

House Prices & Home Values Las Vegas, NM 2026


Average Data

average house price$119,000
average size per house2800 ft²
average price per ft²43 $ / ft²

06/26/2026 - The value range (VR) for house prices in Las Vegas, NM is $43/ sqft to $43/ sqft. An average home with 2800 sqft costs approximately $120,400 to $120,400. Las Vegas, NM includes 1 ZIP codes and it is located in San Miguel county. The lowest prices are found in ZIP 87701, while the highest are in ZIP 87701. The average price per sqare feet is $43. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Las Vegas

8770140 $ / ft²




Historical development of home values in Las Vegas

Year Estimated value (USD) Change vs. 2025
2010 $55,266 -53.6%
2011 $53,129 -55.4%
2012 $52,986 -55.5%
2013 $54,966 -53.8%
2014 $57,699 -51.5%
2015 $60,661 -49.0%
2016 $63,826 -46.4%
2017 $67,271 -43.5%
2018 $70,990 -40.3%
2019 $74,282 -37.6%
2020 $78,122 -34.4%
2021 $88,855 -25.3%
2022 $103,585 -13.0%
2023 $109,236 -8.2%
2024 $115,555 -2.9%
2025 $119,000 0.0%

Graph: estimated home values in Las Vegas over time (USD)



Example: 100% financing house in Las Vegas

Loan amount: $119,000

Interest rate: 6.00%

Fixed monthly payment: $713.47

Breakdown in the 1st month:
Interest portion: $595.00  –  Principal portion: $118.47

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,100.25 $1,461.33 $117,538.67
2 $7,010.12 $1,551.47 $115,987.20
3 $6,914.42 $1,647.16 $114,340.04
4 $6,812.83 $1,748.75 $112,591.29
5 $6,704.97 $1,856.61 $110,734.68
6 $6,590.46 $1,971.12 $108,763.56
7 $6,468.89 $2,092.69 $106,670.87
8 $6,339.81 $2,221.77 $104,449.10
9 $6,202.78 $2,358.80 $102,090.30
10 $6,057.29 $2,504.29 $99,586.01
11 $5,902.84 $2,658.75 $96,927.27
12 $5,738.85 $2,822.73 $94,104.53
13 $5,564.75 $2,996.83 $91,107.70
14 $5,379.91 $3,181.67 $87,926.03
15 $5,183.67 $3,377.91 $84,548.12
16 $4,975.33 $3,586.25 $80,961.87
17 $4,754.14 $3,807.44 $77,154.43
18 $4,519.30 $4,042.28 $73,112.16
19 $4,269.99 $4,291.60 $68,820.56
20 $4,005.29 $4,556.29 $64,264.27
21 $3,724.27 $4,837.31 $59,426.95
22 $3,425.91 $5,135.67 $54,291.28
23 $3,109.16 $5,452.43 $48,838.86
24 $2,772.86 $5,788.72 $43,050.14
25 $2,415.83 $6,145.76 $36,904.38
26 $2,036.77 $6,524.81 $30,379.57
27 $1,634.33 $6,927.25 $23,452.32
28 $1,207.08 $7,354.51 $16,097.82
29 $753.47 $7,808.12 $8,289.70
30 $271.88 $8,289.70 $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 Las Vegas, NM


1500 sqft3900 sqft
Ø selling price$78,045$166,023
Ø fast selling$70,950$149,421
Ø high price sale$85,140$182,626

In 2026, houses in Las Vegas, NM will be offered at an average price of $43 per square foot. A 1,500 sqft home priced at $78,045 is 21.00% more expensive per square foot than a 3,900 sqft home priced at $166,023. Home prices in Las Vegas, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $114,940. Sellers who can wait longer may achieve a higher price of up to $140,482.


Las Vegas, NM Travel Guide & Attractions

Overview

Las Vegas, New Mexico is a historic small city in the Sangre de Cristo foothills along I?25.
Known for its well?preserved 19th?century architecture and vibrant cultural scene, Las Vegas, NM offers an authentic Northern New Mexico experience.

History and Architecture

Founded in 1835 on the Santa Fe Trail, the city features the stately Plaza Hotel, the Victorian Historic Railroad District, and more than 900 listed historic buildings.
Film and TV productions often choose Las Vegas, NM for its period streetscapes, boosting heritage tourism.

Outdoors and Wellness

Outdoor lovers enjoy Storrie Lake State Park for sailing, kayaking, and birding, as well as trails along the Gallinas River.
Nearby Montezuma hot springs provide relaxing mineral soaks with mountain views.

Education and Culture

New Mexico Highlands University anchors the community with arts events and research that energize the local economy.
Just up the road, UWC?USA occupies the historic Montezuma Castle, adding international flavor and architectural grandeur.

Visitor Tips

Travelers can reach Las Vegas, NM in about an hour from Santa Fe via I?25, making it a convenient weekend getaway.
Plan time for the central plaza, local museums, and green?chile dining, and you?ll discover why this high?plains city is a hidden gem of Northern New Mexico.



FAQ – Home Values in Las Vegas

What is the median home value in Las Vegas in 2026?

In 2026, the typical home value in Las Vegas is about $119,000 for an average home size of 2800 square feet. This corresponds to an average price of roughly $43 per square foot.

What is the average cost per square foot in Las Vegas?

In 2026, homes in Las Vegas sell for an average of around $43 per square foot, with a typical range between $43 and $43 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 Las Vegas is about 2800 square feet, with an estimated 2026 value around $119,000.



Locations close to Las Vegas, NM

Angel Fire, NM169 $ / ft²
Anton Chico, NM163 $ / ft²
Buena Vista, NM158 $ / ft²
Villanueva, NM116 $ / ft²
Velarde, NM193 $ / ft²
Vallecitos, NM142 $ / ft²
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