Market Overview
Home Prices in Cedar Crest, NM
The median home value in Cedar Crest, NM is $471,780 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cedar Crest are priced15% above average. Cedar Crest is part of the Albuquerque, NM metro area.
Over the past five years, Cedar Crest home values have risen by approximately28.9%, reflecting strong long-term appreciation in this market.
Price History
Cedar Crest Home Price Trend
City Comparison
Cedar Crest vs. National Median
At $471,780, homes in Cedar Crest cost 15% above the national median of $410,000. Buyers in Cedar Crest should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cedar Crest?
20% Down Payment
$94,356
on $471,780
Monthly P&I
$2,461/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,125/mo
incl. taxes & insurance
Income Needed
$125,000
gross annual (30% rule)
10% Down Option
$47,178
+ PMI applies
Loan Amount (20% dn)
$377,424
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 Cedar Crest, NM?
The median home value in Cedar Crest is $471,780 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Cedar Crest?
Over the past year, home values in Cedar Crest have increased by 3.3%. Over five years, prices have risen approximately 28.9%.
How much do I need to earn to buy a home in Cedar Crest?
To comfortably afford the median home price of $471,780 with a 20% down payment ($94,356) at today's rates (6.8%), you'd need a gross annual income of approximately $125,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Cedar Crest compare to the national average home price?
The national median home value is approximately $410,000. At $471,780, homes in Cedar Crest are 15% above the national average.
What metro area is Cedar Crest part of?
Cedar Crest is part of the Albuquerque, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.