Gallup, NM Real Estate Market 2026

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

Median Home Price

$220,419

-1.8% year-over-year

12-Month Forecast

-1.8%

base case (Zillow ZHVF)

-1.8% year-over-year

Climate Risk

25/100

Low

Market Momentum

➡️
Neutral
6.1mo supply · Score -1/7

Net migration: Bottom 8% nationally

Income Migration

➡️ Neutral0.95x

In-migrants avg $33,206 AGI vs out-migrants $34,920

Gallup Market Summary

Gallup, NM is experiencing a correction with -1.8% year-over-year decline, signaling a buyer's market with softening demand. Affordability is moderately stretched with a price-to-income ratio of 4.95x, above the national average of 4.8x. Climate risk remains low (25/100), favorable for long-term investment stability.

Affordability

Affordability Score72/100
Price-to-Income Ratio5.0x (national avg 4.8x)
Median Household Income$44,496

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-2.7%
Base Case-1.8%
Bull Case-0.9%

Climate & Natural Hazard Risk

Gallup, 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 Gallup dataset

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