County market report · FIPS 35047
San Miguel County, NM
Las Vegas, NM · Population 27,144 (Census V2020 est.)
Typical value
$246,341
Sep 2026
1M
-1.5%
3M
-4.0%
12M
+4.7%
5Y
+9.4%
10Y
+53.4%
From peak
-5.4%
Peak $260,338 · Apr 2026
Rank US / state
875 / 5
by 12M change
Zillow Home Value Index
Source: Zillow Home Value Index (ZHVI), all homes, smoothed & seasonally adjusted · data through Sep 2026.
Inflection signal
Price-OnlyB · Early Warning
r3-3.99%p3-0.91%Acceleration-3.09ppMonths persisting4Evidence (Price-Only)82/100
Inventory, sales & days on market — Phase 2
Supply and demand confirmation is not yet available.
Yearly values (December)
| Year | ZHVI (Dec) | YoY change |
|---|---|---|
| 2025 | $246,388 | +2.7% |
| 2024 | $239,805 | +6.2% |
| 2023 | $225,722 | +0.0% |
| 2022 | $225,697 | -2.5% |
| 2021 | $231,424 | +14.9% |
| 2020 | $201,403 | +8.3% |
| 2019 | $186,035 | +2.6% |
| 2018 | $181,345 | +7.5% |
| 2017 | $168,662 | +3.6% |
| 2016 | $162,749 | -1.6% |
| 2015 | $165,386 | +4.4% |
| 2014 | $158,443 | -5.2% |
| 2013 | $167,091 | +0.7% |
| 2012 | $165,880 | — |