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📍 Jal, NM · Zillow ZHVI · July 2026

Average Home Price in
Jal, NM

Hobbs, NM metro area · Lea County County

Median Home Value
$148,059
↓ 10.2% year-over-year
vs. National Median
$410,000
Jal is 64% below
Est. Monthly Payment
$772/mo
20% down · 6.8% rate
Income Needed
$39K
gross annual (30% rule)
Median Home Value
$148,059
↓ 10.2% year-over-year
Down Payment (20%)$29,612
Monthly P&I$772/mo
With Taxes & Ins.~$980/mo
Income Needed$39,200/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Jal, NM

The median home value in Jal, NM is $148,059 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 10.2% compared to a year ago and down 0.8% from two years prior.

Compared to the U.S. national median of $410,000, homes in Jal are priced64% below average. Jal is part of the Hobbs, NM metro area.

City Comparison

Jal vs. National Median

🏠 Jal
$148,059
National Median
$410,000

At $148,059, homes in Jal cost 64% below the national median of $410,000. This makes Jal a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Jal?

20% Down Payment
$29,612
on $148,059
Monthly P&I
$772/mo
30-yr @ 6.8%
Total Monthly Est.
~$980/mo
incl. taxes & insurance
Income Needed
$39,200
gross annual (30% rule)
10% Down Option
$14,806
+ PMI applies
Loan Amount (20% dn)
$118,447
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 Jal, NM?
The median home value in Jal is $148,059 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 10.2% year-over-year.
How much have home prices changed in Jal?
Over the past year, home values in Jal have decreased by 10.2%.
How much do I need to earn to buy a home in Jal?
To comfortably afford the median home price of $148,059 with a 20% down payment ($29,612) at today's rates (6.8%), you'd need a gross annual income of approximately $39,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Jal compare to the national average home price?
The national median home value is approximately $410,000. At $148,059, homes in Jal are 64% below the national average.
What metro area is Jal part of?
Jal is part of the Hobbs, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.