Silver City, NM home prices
Typical home $178,898 · -4.8% in a year · income needed $48,000
The Silver City, NM metro area ranks 724 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -4.8% in a year and -4.9% over five years. With 20% down at 7.11%, the typical home costs about $1,121 a month including 0.46% property tax (Grant County rate).
Mortgage on the typical Silver City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,780 | $143,118 | $963 | $0 | $158 | $1,121 | $48,000 |
| 10% down | $17,890 | $161,008 | $1,083 | $67 | $158 | $1,308 | $56,100 |
| 5% down | $8,945 | $169,953 | $1,143 | $71 | $158 | $1,372 | $58,800 |
| 3.5% down (FHA) | $6,261 | $175,658 | $1,182 | $79 | $158 | $1,419 | $60,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.46% 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 Silver City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Grant County, NM | $178,942 | -4.8% | 0.46% |
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 Silver City?
The typical home in the Silver City, NM metro area is worth $178,898 (Zillow, September 2026).
What salary do you need to buy a house in Silver City?
About $48,000 a year for the typical home with 20% down at 7.11%.