Las Vegas, NM Real Estate Market 2026

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

Median Home Price

$254,105

+6.8% year-over-year

12-Month Forecast

+6.7%

base case (Zillow ZHVF)

+6.7% year-over-year

Climate Risk

18/100

Very Low

Market Momentum

❄️
Cooling
7.5mo supply · Score -2/7

Net migration: Bottom 39% nationally

Income Migration

➡️ Neutral1.06x

In-migrants avg $43,234 AGI vs out-migrants $40,896

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Opportunity Zone Market

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

Las Vegas Market Summary

Las Vegas, NM is experiencing strong growth with 6.8% year-over-year appreciation, indicating a seller's market with robust demand. Affordability is moderately stretched with a price-to-income ratio of 5.33x, above the national average of 4.8x. Climate risk remains low (18/100), favorable for long-term investment stability.

Affordability

Affordability Score67/100
Price-to-Income Ratio5.3x (national avg 4.8x)
Median Household Income$47,700

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+3.3%
Base Case+6.7%
Bull Case+10.0%

Climate & Natural Hazard Risk

Las Vegas, NM's primary climate exposure is wildfire (50/100). The composite climate risk score of 18/100 (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 Las Vegas dataset

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