3
$30,000
508 S Texas St
Silver City, NM 88061
Land4,792 sqft lot
Sydney Thayer · Smith Real Estate & Prop. Mgmt.
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Silver City, NM Housing Market
Balanced market-3.4% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Silver City, NM is worth $222,202, fell 3.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $215,000, +30.3% year over year (through May 2026). With 5.0 months of supply and homes going under contract in about 40 days, Silver City is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $222,202 home is about $1,186/mo in principal and interest.
Key numbers for Silver City, NM
Typical home value
$222,202
-3.4% in 12 months
Zillow, August 2026
Typical asking rent
$1,371/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$215,000
+30.3% year over year
Redfin, through May 2026
Days on market
40
Average pace
Redfin, through May 2026
Active listings
35
5.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$39,025
Home costs 5.7x 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 Silver City a buyer's or seller's market?
Balanced market5.0 months of supply40 days on market
Silver City, NM is a balanced market, based on 5.0 months of supply and homes selling in about 40 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Silver City housing market data show?
Every row below is Redfin's final published month for Silver City, NM. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $215,000 |
| Median list price | $310,000 |
| Year-over-year price change | +30.3% |
| Median price per sq ft | $144/sq ft |
| Median days on market | 40 days |
| Active inventory | 35 listings |
| Months of supply | 5.0 months |
| Homes sold (that month) | 7 |
| New listings (that month) | 11 |
| Listings with a price cut | 11.4% |
| 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 Silver City is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Silver City 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 Silver City home prices moved?
Over the last three years the median sale price in Silver City, NM fell 8.5%, from $235,000 to $215,000. The live Zillow value series has fell 3.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. 11.4% of Silver City listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Silver City?
Priced off the typical home value of $222,202 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% | $44,440 | $177,762 | $1,186/mo |
| 5% | $11,110 | $211,092 | $1,409/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 $1,186, that implies roughly $50,839 a year before you add taxes and insurance. The median household in Silver City earns $39,025, about $11,814 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 5.7x — 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 Silver City in the next 12 months?
Tell us your timeline. We send the Silver City 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 Silver City?
Typical asking rent in Silver City, NM is $1,371/mo, against a typical home value of $222,202. That is a price-to-rent ratio of 13.5x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,186 a month — $185 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Silver City?
Active listings in Silver City, NM went from 45 in May 2025 to 35 in May 2026, a -22.2% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 46 | 14 |
| July 2025 | 41 | 10 |
| August 2025 | 51 | 23 |
| September 2025 | 48 | 9 |
| October 2025 | 49 | 11 |
| November 2025 | 43 | 5 |
| December 2025 | 36 | 1 |
| January 2026 | 37 | 8 |
| February 2026 | 34 | 3 |
| March 2026 | 30 | 10 |
| April 2026 | 32 | 12 |
| May 2026 | 35 | 11 |
Redfin, through May 2026
How does Silver City compare to New Mexico and the U.S.?
Silver City homes sell for $215,000 — 46% below the New Mexico median of $395,500. Against the national median of $410,700, Silver City runs 48% lower. Year-over-year, Silver City moved +30.3% against New Mexico's +10.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Silver City, NM | $215,000 | +30.3% | 40 days |
| New Mexico statewide | $395,500 | +10.8% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Silver City
What buyers should watch
- Months of supply, currently 5.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 11.4%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $222 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 $222,202 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 Silver City listing goes under contract in 40 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Silver City added 11 new listings against 7 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -3.4% 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 Silver City varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Silver City
There are currently 35 homes listed for sale in Silver City, New Mexico. The median listing price is $310K. Featured listings range from $30,000 to $485,000.
New Listing
11
$50,000
90 Country Rd
Silver City, NM 88061
Land10.00 acres
Margaret "Peggy" Humble · Wagon Wheel Realty
View photos & details
New Listing
11
$52,000
Ridge Rd
Silver City, NM 88061
Land6.00 acres
Georgia Bearup · Mimbres Realty
View photos & details
New Listing
19
$68,500
2815 Chitalpa Ct
Silver City, NM 88061
3 bd2 ba1,280 sqft$54/ft²
Mobile home
Jessica Ybarra · Wagon Wheel Realty
View photos & details
New Listing
14
$215,000
2104 N Cedar Ave
Silver City, NM 88061
3 bd2 ba1,491 sqft$144/ft²
House6,098 sqft lot
Eric Escobar · Better Homes and Gardens Real Estate | Silver City
View photos & details
New Listing
12
$279,000
3309 N Mann Dr
Silver City, NM 88061
3 bd2 ba2,358 sqft$118/ft²
House8,712 sqft lot
Alexa Trujillo · Enchantment Realty
View photos & details
New Listing
35
$280,000
3300 N Mann Dr
Silver City, NM 88061
4 bd3 ba2,946 sqft$95/ft²
House19,166 sqft lot
Blake Farley · Century 21 Hacienda Realty
View photos & details
New Listing
25
$299,000
601 E Lance Dr
Silver City, NM 88061
3 bd2 ba2,135 sqft$140/ft²
House34,848 sqft lot
Linda Rowse · Enchantment Realty
View photos & details
New Listing
43
$384,000
11807 E Highway 180
Silver City, NM 88061
3 bd2 ba2,079 sqft$185/ft²
House3.36 acres
Samilla Andrews · Saenz & Smith Real Estate, Co
View photos & details
New Listing
7
$389,000
601 E Trailing Heart Dr
Silver City, NM 88061
3 bd2 ba2,450 sqft$159/ft²
House1.00 acres
Beverly Hamill · Century 21 Hacienda Realty
View photos & details
New Listing
41
$460,000
105 Wendy Rd
Silver City, NM 88061
3 bd2 ba1,739 sqft$265/ft²
House4.00 acres
Sam Castello · Century 21 Hacienda Realty
View photos & details
New Listing
49
$485,000
621 N California Ave
Silver City, NM 88061
2 bd3 ba2,280 sqft$213/ft²
House16,553 sqft lot
Blake Farley · Century 21 Hacienda Realty
View photos & details
Looking to buy in Silver City?
Get connected with a local real estate expert — free, no obligation.
Active listings
35
Homes on market
Median list price
$310K
Avg. days on market
40
Days until sale
New this week
11
Newly listed
Price drops:11.4%of listings
How much do homes cost in Silver City by property type?
How the Silver City, NM market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $215,000 | $144/sq ft | 7 | 40 days |
| Condo / co-op | $260,000 | $154/sq ft | 1 | 26 days |
Who lives in Silver City?
American Community Survey estimates for Silver City. U.S. Census ACS, 2023
Population
9,574
Households
3,803
Median income
$39,025/yr
Median age
40.2 years
Owner-occupied
57.0%
Median home value
$160,900
Median gross rent
$851/mo
Mean commute
16.8 min
57.0% of occupied homes in Silver City 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 $160,900 against Zillow's $222,202 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $851/mo, below Zillow's $1,371/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Silver City?
8 schools tracked · 2,161 students
The largest public schools serving Silver City, 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.
SILVER HIGH
Grades 9-12 · 645 students
HARRISON SCHMITT ELEMENTARY
Grades 1-6 · 333 students
G.W.STOUT ELEMENTARY
Grades 1-6 · 314 students
LA PLATA MIDDLE
Grades 7-8 · 288 students
JOSE BARRIOS ELEMENTARY
Grades 1-6 · 212 students
ALDO LEOPOLD CHARTER
Grades 6-12 · 196 students
SIXTH STREET ELEMENTARY
Grades K · 135 students
SILVER SCHOLARS ACADEMY
Grades PK · 38 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 Silver City, NM?
Ordered by distance from Silver City, not by size. Compare Silver City side by side with any of them.
Which ZIP codes are in Silver City?
These are the ZIP codes we see on active Silver City listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Silver City housing market FAQ
Is Silver City a buyer's or seller's market?
Silver City, NM is currently a balanced market. That read comes from 5.0 months of supply, homes going under contract in about 40 days in the last month Redfin published (May 2026).
How much do homes cost in Silver City?
The typical home in Silver City, NM is worth $222,202 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $215,000, about $144 per square foot.
Is Silver City cheaper than the rest of New Mexico?
Silver City's median sale price of $215,000 is 46% lower than the New Mexico statewide median of $395,500, and 48% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Silver City?
Homes in Silver City, NM spent a median of 40 days on market before going under contract, versus 53 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Silver City?
At the current 30-year fixed rate of 7.03%, 20% down on a $222,202 home is about $1,186 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $50,839 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $39,025.
Are home prices rising in Silver City?
The typical home value in Silver City, NM fell 3.4% over the last 12 months, from $230,107 to $222,202 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Silver City?
Silver City 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 Silver City?
That depends on your timeline, not on a headline. What the data says today: Silver City, NM is a balanced market with 5.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 13.5x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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