Las Vegas, NM home prices
Typical home $247,129 · +4.7% in a year · income needed $67,400
The Las Vegas, NM metro area ranks 462 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.7% in a year and +9.6% over five years. With 20% down at 7.11%, the typical home costs about $1,572 a month including 0.57% property tax (San Miguel County rate).
Mortgage on the typical Las Vegas home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $49,426 | $197,703 | $1,330 | $0 | $242 | $1,572 | $67,400 |
| 10% down | $24,713 | $222,416 | $1,496 | $93 | $242 | $1,831 | $78,500 |
| 5% down | $12,356 | $234,772 | $1,579 | $98 | $242 | $1,919 | $82,200 |
| 3.5% down (FHA) | $8,650 | $242,653 | $1,632 | $109 | $242 | $1,983 | $85,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.57% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Las Vegas area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| San Miguel County, NM | $246,341 | +4.7% | 0.57% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Las Vegas?
The typical home in the Las Vegas, NM metro area is worth $247,129 (Zillow, September 2026).
What salary do you need to buy a house in Las Vegas?
About $67,400 a year for the typical home with 20% down at 7.11%.