Market Overview
Home Prices in Cochiti Lake, NM
The median home value in Cochiti Lake, NM is $276,257 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.2% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cochiti Lake are priced33% below average. Cochiti Lake is part of the Albuquerque, NM metro area.
Over the past five years, Cochiti Lake home values have risen by approximately30.9%, reflecting strong long-term appreciation in this market.
Price History
Cochiti Lake Home Price Trend
City Comparison
Cochiti Lake vs. National Median
At $276,257, homes in Cochiti Lake cost 33% below the national median of $410,000. This makes Cochiti Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cochiti Lake?
20% Down Payment
$55,251
on $276,257
Monthly P&I
$1,441/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,830/mo
incl. taxes & insurance
Income Needed
$73,200
gross annual (30% rule)
10% Down Option
$27,626
+ PMI applies
Loan Amount (20% dn)
$221,006
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 Cochiti Lake, NM?
The median home value in Cochiti Lake is $276,257 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.2% year-over-year.
How much have home prices changed in Cochiti Lake?
Over the past year, home values in Cochiti Lake have decreased by 3.2%. Over five years, prices have risen approximately 30.9%.
How much do I need to earn to buy a home in Cochiti Lake?
To comfortably afford the median home price of $276,257 with a 20% down payment ($55,251) at today's rates (6.8%), you'd need a gross annual income of approximately $73,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Cochiti Lake compare to the national average home price?
The national median home value is approximately $410,000. At $276,257, homes in Cochiti Lake are 33% below the national average.
What metro area is Cochiti Lake part of?
Cochiti Lake is part of the Albuquerque, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.