Market Overview
Home Prices in Algodones, NM
The median home value in Algodones, NM is $400,534 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Algodones are priced2% below average. Algodones is part of the Albuquerque, NM metro area.
Over the past five years, Algodones home values have risen by approximately10.1%, reflecting steady appreciation in this market.
Price History
Algodones Home Price Trend
City Comparison
Algodones vs. National Median
At $400,534, homes in Algodones cost 2% below the national median of $410,000. This makes Algodones a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Algodones?
20% Down Payment
$80,107
on $400,534
Monthly P&I
$2,089/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,653/mo
incl. taxes & insurance
Income Needed
$106,120
gross annual (30% rule)
10% Down Option
$40,053
+ PMI applies
Loan Amount (20% dn)
$320,427
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Algodones, NM?
The median home value in Algodones is $400,534 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Algodones?
Over the past year, home values in Algodones have increased by 1.9%. Over five years, prices have risen approximately 10.1%.
How much do I need to earn to buy a home in Algodones?
To comfortably afford the median home price of $400,534 with a 20% down payment ($80,107) at today's rates (6.8%), you'd need a gross annual income of approximately $106,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Algodones compare to the national average home price?
The national median home value is approximately $410,000. At $400,534, homes in Algodones are 2% below the national average.
What metro area is Algodones part of?
Algodones is part of the Albuquerque, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.