Lincoln County, NM housing market

What this means

• Valuation. Prices are roughly in line with local incomes (+9% vs. this area's pre-2020 price-to-income norm).
• Prices. Home values are down 3.1% over the past year (U.S.: +1.2%), 10% below their 2022-23 peak.
• Supply. There are 29% more homes for sale than the 2017-19 norm and rising (+23% vs. a year ago), so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is high (100/100; U.S.: 54): homes typically sell at or above asking (100.0% of list) (as of Feb 2026); 21% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 45% of the median household income (U.S.: 35%); it takes about $79k a year to keep the payment at 30% of gross pay. That includes about $1,358 a year for home insurance (U.S.: $1,790).
• Buy vs. rent. Buying costs about $162/mo more than renting a typical home (mortgage payment vs. typical rent).
• Disaster risk. FEMA expects about $378 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from wildfire. Check insurance costs before buying.
• Outlook. No clear direction: likely −10% to +6% over the next 12 months (46% chance of a rise).

Next 12 months

No clear direction

A fall is somewhat more likely than a rise, but not by enough to call. Likely change: −10.0% to +6.4% (80% range; middle estimate −0.5%), chance of a rise 46%, of a 5%+ drop 24%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Lincoln County, NM