House Prices

House Prices & Home Values Monticello, NM 2026


Average Data

average house price$644,667
average size per house3086 ft²
average price per ft²209 $ / ft²

06/26/2026 - The value range (VR) for house prices in Monticello, NM is $234/ sqft to $234/ sqft. An average home with 3086 sqft costs approximately $722,124 to $722,124. Monticello, NM includes 1 ZIP codes and it is located in Sierra county. The lowest prices are found in ZIP 87939, while the highest are in ZIP 87939. The average price per sqare feet is $209. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Monticello

87939222 $ / ft²




Historical development of home values in Monticello

Year Estimated value (USD) Change vs. 2025
2010 $299,395 -53.6%
2011 $287,817 -55.4%
2012 $287,042 -55.5%
2013 $297,771 -53.8%
2014 $312,578 -51.5%
2015 $328,620 -49.0%
2016 $345,770 -46.4%
2017 $364,433 -43.5%
2018 $384,581 -40.3%
2019 $402,413 -37.6%
2020 $423,216 -34.4%
2021 $481,362 -25.3%
2022 $561,160 -13.0%
2023 $591,770 -8.2%
2024 $626,004 -2.9%
2025 $644,667 0.0%

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



Example: 100% financing house in Monticello

Loan amount: $644,667

Interest rate: 6.00%

Fixed monthly payment: $3,865.10

Breakdown in the 1st month:
Interest portion: $3,223.34  â€“  Principal portion: $641.77

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $38,464.67 $7,916.59 $636,750.41
2 $37,976.39 $8,404.86 $628,345.55
3 $37,458.00 $8,923.26 $619,422.29
4 $36,907.63 $9,473.62 $609,948.67
5 $36,323.32 $10,057.94 $599,890.73
6 $35,702.96 $10,678.29 $589,212.44
7 $35,044.35 $11,336.90 $577,875.54
8 $34,345.12 $12,036.14 $565,839.40
9 $33,602.75 $12,778.50 $553,060.90
10 $32,814.60 $13,566.65 $539,494.25
11 $31,977.84 $14,403.41 $525,090.84
12 $31,089.47 $15,291.78 $509,799.06
13 $30,146.31 $16,234.95 $493,564.11
14 $29,144.97 $17,236.28 $476,327.83
15 $28,081.87 $18,299.38 $458,028.45
16 $26,953.21 $19,428.04 $438,600.41
17 $25,754.93 $20,626.32 $417,974.09
18 $24,482.74 $21,898.51 $396,075.58
19 $23,132.09 $23,249.16 $372,826.42
20 $21,698.13 $24,683.12 $348,143.30
21 $20,175.73 $26,205.52 $321,937.78
22 $18,559.43 $27,821.82 $294,115.96
23 $16,843.45 $29,537.81 $264,578.15
24 $15,021.62 $31,359.63 $233,218.52
25 $13,087.42 $33,293.83 $199,924.69
26 $11,033.93 $35,347.32 $164,577.37
27 $8,853.79 $37,527.46 $127,049.91
28 $6,539.18 $39,842.08 $87,207.83
29 $4,081.80 $42,299.45 $44,908.39
30 $1,472.87 $44,908.39 $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 Monticello, NM


1500 sqft3900 sqft
Ø selling price$379,336$806,950
Ø fast selling$344,850$726,255
Ø high price sale$413,821$887,644

In 2026, houses in Monticello, NM will be offered at an average price of $209 per square foot. A 1,500 sqft home priced at $379,336 is 21.80% more expensive per square foot than a 3,900 sqft home priced at $806,950. Home prices in Monticello, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $558,657. Sellers who can wait longer may achieve a higher price of up to $682,803.


Monticello, NM: Historic Village in Sierra County, New Mexico

Overview

Monticello, NM is a historic village in Sierra County, New Mexico, celebrated for its adobe architecture and quiet rural charm.
Centered around a preserved historic plaza, the community traces its roots to 19th-century ranching and farming traditions.

Visitors come to see a rustic 19th-century mission church and the old acequia irrigation works that still shape the valley.

Nature and Outdoor Recreation

Set along the gateway to rugged Monticello Canyon, the village offers access to scenic drives, birding, and seasonal wildflower displays.

The surrounding foothills of the Black Range and the Rio Grande basin provide striking photography opportunities at sunrise and sunset.

Its lightly traveled roads and cottonwood-lined arroyo make Monticello a favorite stop for road trippers seeking authentic New Mexico landscapes.

Travel Tips and Nearby Attractions

From Truth or Consequences and Elephant Butte Lake, Monticello makes a perfect day trip combining history, hot springs, and desert vistas.

Local farms and orchards occasionally host small events, highlighting heirloom produce, New Mexico chile, and regional wines.

Travelers should bring water, check conditions for the unpaved canyon road, and respect private property around the plaza.

Whether you?re exploring Monticello, NM for a photo tour or a quiet retreat, this hidden gem delivers an unforgettable slice of New Mexico heritage.



FAQ – Home Values in Monticello

What is the median home value in Monticello in 2026?

In 2026, the typical home value in Monticello is about $644,667 for an average home size of 3086 square feet. This corresponds to an average price of roughly $209 per square foot.

What is the average cost per square foot in Monticello?

In 2026, homes in Monticello sell for an average of around $209 per square foot, with a typical range between $234 and $234 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 Monticello is about 3086 square feet, with an estimated 2026 value around $644,667.



Locations close to Monticello, NM

Rincon, NM152 $ / ft²
Salem, NM140 $ / ft²
Williamsburg, NM103 $ / ft²
Hatch, NM102 $ / ft²
Garfield, NM144 $ / ft²
Elephant Butte, NM111 $ / ft²
  imprint  Privacy