Market Overview
Home Prices in Clovis, NM
The median home value in Clovis, NM is $162,727 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Clovis are priced60% below average. Clovis is part of the Clovis, NM metro area.
Over the past five years, Clovis home values have risen by approximately5.6%, reflecting steady appreciation in this market.
Price History
Clovis Home Price Trend
2020
$148,080
$148K
—
2021
$154,056
$154K
+4.0%
2022
$162,957
$163K
+5.8%
2023
$169,167
$169K
+3.8%
2024
$165,485
$165K
-2.2%
2025
$163,854
$164K
-1.0%
2026
$162,727
$163K
-0.7%
City Comparison
Clovis vs. National Median
🏠 Clovis
$162,727
National Median
$410,000
At $162,727, homes in Clovis cost 60% below the national median of $410,000. This makes Clovis a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Clovis?
20% Down Payment
$32,545
on $162,727
Monthly P&I
$849/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,078/mo
incl. taxes & insurance
Income Needed
$43,120
gross annual (30% rule)
10% Down Option
$16,273
+ PMI applies
Loan Amount (20% dn)
$130,182
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 Clovis, NM?
The median home value in Clovis is $162,727 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Clovis?
Over the past year, home values in Clovis have decreased by 0.7%. Over five years, prices have risen approximately 5.6%.
How much do I need to earn to buy a home in Clovis?
To comfortably afford the median home price of $162,727 with a 20% down payment ($32,545) at today's rates (6.8%), you'd need a gross annual income of approximately $43,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Clovis compare to the national average home price?
The national median home value is approximately $410,000. At $162,727, homes in Clovis are 60% below the national average.
What metro area is Clovis part of?
Clovis is part of the Clovis, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.