Market Overview
Home Prices in Lamy, NM
The median home value in Lamy, NM is $841,458 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and up 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lamy are priced105% above average. Lamy is part of the Santa Fe, NM metro area.
Over the past five years, Lamy home values have risen by approximately20.2%, reflecting strong long-term appreciation in this market.
Price History
Lamy Home Price Trend
2020
$580,822
$581K
—
2021
$700,312
$700K
+20.6%
2022
$828,776
$829K
+18.3%
2023
$826,098
$826K
-0.3%
2024
$831,216
$831K
+0.6%
2025
$834,579
$835K
+0.4%
2026
$841,458
$841K
+0.8%
City Comparison
Lamy vs. National Median
🏠 Lamy
$841,458
National Median
$410,000
At $841,458, homes in Lamy cost 105% above the national median of $410,000. Buyers in Lamy should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lamy?
20% Down Payment
$168,292
on $841,458
Monthly P&I
$4,389/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,574/mo
incl. taxes & insurance
Income Needed
$222,960
gross annual (30% rule)
10% Down Option
$84,146
+ PMI applies
Loan Amount (20% dn)
$673,166
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 Lamy, NM?
The median home value in Lamy is $841,458 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Lamy?
Over the past year, home values in Lamy have increased by 0.8%. Over five years, prices have risen approximately 20.2%.
How much do I need to earn to buy a home in Lamy?
To comfortably afford the median home price of $841,458 with a 20% down payment ($168,292) at today's rates (6.8%), you'd need a gross annual income of approximately $222,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Lamy compare to the national average home price?
The national median home value is approximately $410,000. At $841,458, homes in Lamy are 105% above the national average.
What metro area is Lamy part of?
Lamy is part of the Santa Fe, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.