McKinley County, NM housing market
Data through Aug 2026 · Balanced market · leverage 68
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Home Value
$222,008
−1.8% vs. a year ago
Buyer Leverage Score
68
Sep 2026
Months of Supply
14.9 months
Aug 2026
Days on Market
79 days
Sep 2026
Price Cut %
13%
Sep 2026
Sale-to-List Ratio
93.5%
Jul 2026
Mtg Payment as % of Income
40%
Aug 2026
Overvalued %
-12%
Aug 2026
Expected Disaster Loss
$96
Dec 2025
What this means
- Valuation. Prices are 12% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
- Prices. Home values are down 1.8% over the past year (U.S.: +1.2%).
- Supply. Listings are 40% below the 2017-19 norm and rising (+8% vs. a year ago): still a tight market.
- Negotiating. Buyer leverage is high (68/100; U.S.: 54): homes sell for about 6.5% below their final list price (as of Jul 2026); 13% of listings had a price cut (U.S.: 26%).
- Affordability. A mortgage on the typical home takes 40% of the median household income (U.S.: 35%); it takes about $64k a year to keep the payment at 30% of gross pay. That includes about $1,132 a year for home insurance (U.S.: $1,790).
- Disaster risk. FEMA expects about $96 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
- Outlook. No clear direction: likely −8% to +8% over the next 12 months (59% chance of a rise).
Next 12 months
No clear direction
A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.3% to +8.1% (80% range; middle estimate +1.2%), chance of a rise 59%, of a 5%+ drop 18%.
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.
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ZIP codes in McKinley County, NM
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Gallup, NM 87301 | $224.3K | −1.3% | 54 |
| ZIP 87327 | – | – | – |
| Crownpoint, NM 87313 | – | – | – |
| ZIP 87311 | – | – | – |
| Yatahey, NM 87375 | – | – | 70 |
| Thoreau, NM 87323 | – | – | 61 |
| ZIP 86515 | – | – | – |
| Prewitt, NM 87045 | – | – | 54 |
| ZIP 87319 | – | – | 39 |
| Vanderwagen, NM 87326 | – | – | 28 |
| Tohatchi, NM 87325 | – | – | 72 |
| Fort Wingate, NM 87316 | – | – | – |
| ZIP 87305 | – | – | 44 |
| Gallup, NM 87317 | – | – | 47 |
| ZIP 87310 | – | – | – |
| Continental Divide, NM 87312 | – | – | 68 |
| Mexican Springs, NM 87320 | – | – | – |
| Rehoboth, NM 87322 | – | – | 16 |
| Jamestown, NM 87347 | – | – | 37 |
| ZIP 87365 | – | – | – |