Market Overview
Home Prices in Belen, NM
The median home value in Belen, NM is $273,513 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Belen are priced33% below average. Belen is part of the Albuquerque, NM metro area.
Over the past five years, Belen home values have risen by approximately26.5%, reflecting strong long-term appreciation in this market.
Price History
Belen Home Price Trend
2020
$172,497
$172K
—
2021
$216,203
$216K
+25.3%
2022
$252,469
$252K
+16.8%
2023
$248,362
$248K
-1.6%
2024
$263,202
$263K
+6.0%
2025
$267,158
$267K
+1.5%
2026
$273,513
$274K
+2.4%
City Comparison
Belen vs. National Median
🏠 Belen
$273,513
National Median
$410,000
At $273,513, homes in Belen cost 33% below the national median of $410,000. This makes Belen a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Belen?
20% Down Payment
$54,703
on $273,513
Monthly P&I
$1,426/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,811/mo
incl. taxes & insurance
Income Needed
$72,440
gross annual (30% rule)
10% Down Option
$27,351
+ PMI applies
Loan Amount (20% dn)
$218,810
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 Belen, NM?
The median home value in Belen is $273,513 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in Belen?
Over the past year, home values in Belen have increased by 2.4%. Over five years, prices have risen approximately 26.5%.
How much do I need to earn to buy a home in Belen?
To comfortably afford the median home price of $273,513 with a 20% down payment ($54,703) at today's rates (6.8%), you'd need a gross annual income of approximately $72,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Belen compare to the national average home price?
The national median home value is approximately $410,000. At $273,513, homes in Belen are 33% below the national average.
What metro area is Belen part of?
Belen is part of the Albuquerque, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.