Española, NM Real Estate Market 2026

Investor-grade market analytics for Española, New Mexico. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.

Median Home Price

$339,798

+2.2% year-over-year

12-Month Forecast

+2.2%

base case (Zillow ZHVF)

+2.2% year-over-year

Climate Risk

25/100

Low

Market Momentum

❄️
Cooling
10.1mo supply · Score -3/7

Net migration: Bottom 26% nationally

Income Migration

➡️ Neutral1.09x

In-migrants avg $54,065 AGI vs out-migrants $49,683

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Opportunity Zone Market

1 ZIP codes in Española are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Española Market Summary

Española, NM shows steady growth at 2.2% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability pressure is significant: the price-to-income ratio of 6.3x well exceeds the national average of 4.8x. Climate risk remains low (25/100), favorable for long-term investment stability.

Affordability

Affordability Score53/100
Price-to-Income Ratio6.3x (national avg 4.8x)
Median Household Income$53,901

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.1%
Base Case+2.2%
Bull Case+3.3%

Climate & Natural Hazard Risk

Española, NM's primary climate exposure is flooding (50/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Española dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.