$160,000
137 Lavano Dr Lot 0
Capitan, NM
2 bd2 ba896 sqft$179/ft²
House2.75 acres
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Sarah Mitchell
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Compass Real Estate · Capitan, NM
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Capitan, NM(512) 555-0184TX License #0512847
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Capitan, NM Housing Market
Balanced market+7.9% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through March 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Capitan, NM is worth $252,684, rose 7.9% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $262,500, -42.3% year over year (through May 2026). With 2.0 months of supply and homes going under contract in about 375 days, Capitan is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $252,684 home is about $1,349/mo in principal and interest.
Key numbers for Capitan, NM
Typical home value
$252,684
+7.9% in 12 months
Zillow, August 2026
Median sale price
$262,500
-42.3% year over year
Redfin, through March 2026
Days on market
375
Slow-moving
Redfin, through March 2026
Active listings
4
2.0 months of supply
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$50,299
Home costs 5.0x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Capitan a buyer's or seller's market?
Balanced market2.0 months of supply375 days on market
Capitan, NM is a balanced market, based on 2.0 months of supply and homes selling in about 375 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Capitan housing market data show?
Every row below is Redfin's final published month for Capitan, NM. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $262,500 |
| Year-over-year price change | -42.3% |
| Median price per sq ft | $217/sq ft |
| Median days on market | 375 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Homes sold (that month) | 2 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Capitan is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Capitan is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Capitan home prices moved?
Across the 31 months we hold for Capitan, NM, the median sale price rose 110.0%, from $125,000 in April 2021 to $262,500. The live Zillow value series has rose 7.9% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Capitan?
Priced off the typical home value of $252,684 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $50,537 | $202,147 | $1,349/mo |
| 5% | $12,634 | $240,050 | $1,602/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,349, that implies roughly $57,813 a year before you add taxes and insurance. The median household in Capitan earns $50,299, about $7,514 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.0x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Capitan in the next 12 months?
Tell us your timeline. We send the Capitan market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Capitan?
Zillow does not publish a rent index (ZORI) for Capitan, NM, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Capitan?
Active listings in Capitan, NM went from 2 in February 2024 to 4 in March 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| May 2024 | 6 | 2 |
| June 2024 | 5 | not published |
| October 2024 | 8 | 1 |
| December 2024 | 7 | not published |
| February 2025 | 5 | not published |
| March 2025 | 9 | 4 |
| June 2025 | 8 | not published |
| August 2025 | 3 | 1 |
| September 2025 | 3 | not published |
| October 2025 | 3 | not published |
| February 2026 | 4 | not published |
| March 2026 | 4 | not published |
Redfin, through March 2026
How does Capitan compare to New Mexico and the U.S.?
Capitan homes sell for $262,500 — 34% below the New Mexico median of $395,500. Against the national median of $410,700, Capitan runs 36% lower. Year-over-year, Capitan moved -42.3% against New Mexico's +10.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Capitan, NM | $262,500 | -42.3% | 375 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Capitan
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $253 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $252,684 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Capitan listing goes under contract in 375 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Your equity moved +7.9% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Capitan varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Capitan
There are currently 4 homes listed for sale in Capitan, New Mexico. Featured listings range from $160,000 to $1,250,000.
$199,500
101 Salado Dr Lot 17
Capitan, NM
3 bd2 ba1,314 sqft$152/ft²
Mobile home1.60 acres
View photos & details
$284,900
140 W Grandview Rd Lot 5
Capitan, NM
4 bd2 ba1,775 sqft$161/ft²
Mobile home1.38 acres
View photos & details
$285,000
252 Bancroft Rd
Capitan, NM
3 bd2 ba1,815 sqft$157/ft²
Mobile home19.90 acres
View photos & details
$329,900
8406 US Highway 380 Lot 3
Capitan, NM
3 bd2 ba1,216 sqft$271/ft²
Mobile home4.52 acres
View photos & details
$389,500
110 Gilbert Rd Lot 0
Capitan, NM
2 bd2 ba768 sqft$507/ft²
House5.50 acres
View photos & details
$450,000
112 MT Terrace Dr Lot 5
Capitan, NM
5 bd3 ba2,880 sqft$156/ft²
House13,504 sqft lot
View photos & details
$465,000
120 Lookout Peak Rd Lot 10
Capitan, NM
3 bd2 ba3,040 sqft$153/ft²
House4.69 acres
View photos & details
$475,000
146 Jackalope Rd Lot 4
Capitan, NM
3 bd3 ba1,600 sqft$297/ft²
Mobile home5.00 acres
View photos & details
$600,000
280 Indian Divide Rd
Capitan, NM
Land94.00 acres
View photos & details
$975,000
111 Yocom Rd
Capitan, NM
3 bd2 ba2,580 sqft$378/ft²
House10.00 acres
View photos & details
$1,250,000
2067 State Highway 48
Capitan, NM
3 bd3 ba3,794 sqft$329/ft²
House39.00 acres
View photos & details
Looking to buy in Capitan?
Get connected with a local real estate expert — free, no obligation.
Active listings
4
Homes on market
Avg. days on market
375
Days until sale
How much do homes cost in Capitan by property type?
How the Capitan, NM market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $262,500 | $217/sq ft | 2 | 375 days |
Who lives in Capitan?
American Community Survey estimates for Capitan. U.S. Census ACS, 2023
Population
1,262
Households
585
Median income
$50,299/yr
Median age
52.2 years
Owner-occupied
93.8%
Median home value
$128,800
Median gross rent
$914/mo
Mean commute
26.7 min
93.8% of occupied homes in Capitan are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $128,800 against Zillow's $252,684 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Capitan?
3 schools tracked · 456 students
The largest public schools serving Capitan, NM by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
CAPITAN ELEMENTARY
Grades PK-5 · 202 students
CAPITAN HIGH
Grades 9-12 · 152 students
CAPITAN MIDDLE
Grades 6-8 · 102 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Capitan, NM?
Ordered by distance from Capitan, not by size. Compare Capitan side by side with any of them.
Capitan housing market FAQ
Is Capitan a buyer's or seller's market?
Capitan, NM is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 375 days in the last month Redfin published (May 2026).
How much do homes cost in Capitan?
The typical home in Capitan, NM is worth $252,684 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $262,500, about $217 per square foot.
Is Capitan cheaper than the rest of New Mexico?
Capitan's median sale price of $262,500 is 34% lower than the New Mexico statewide median of $395,500, and 36% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Capitan?
Homes in Capitan, NM spent a median of 375 days on market before going under contract, versus 53 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Capitan?
At the current 30-year fixed rate of 7.03%, 20% down on a $252,684 home is about $1,349 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $57,813 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $50,299.
Are home prices rising in Capitan?
The typical home value in Capitan, NM rose 7.9% over the last 12 months, from $234,185 to $252,684 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Capitan?
Capitan ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Capitan?
That depends on your timeline, not on a headline. What the data says today: Capitan, NM is a balanced market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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