Clayton, NM 88415 housing market

What this means

• Valuation. Prices are 10% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
• Prices. Home values are down 12.5% over the past year (U.S.: +1.2%), 6% below their 2022-23 peak.
• Supply. There are 200% more homes for sale than the 2017-19 norm and rising (+18% vs. a year ago), so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is high (95/100; U.S.: 54): homes sell for about 24.6% below their final list price (as of Jan 2026); 0% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 21% of the median household income (U.S.: 35%); it takes about $32k a year to keep the payment at 30% of gross pay. That includes about $1,922 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $190 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −10% to +6% over the next 12 months (44% 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 +6.3% (80% range; middle estimate −0.7%), chance of a rise 44%, 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.

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