Market Overview
Home Prices in Logan, NM
The median home value in Logan, NM is $177,252 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 15.2% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Logan are priced57% below average.
Over the past five years, Logan home values have fallen by approximately6.3%, reflecting softening conditions in this market.
Price History
Logan Home Price Trend
2020
$158,960
$159K
—
2021
$189,266
$189K
+19.1%
2022
$207,085
$207K
+9.4%
2023
$214,299
$214K
+3.5%
2024
$202,244
$202K
-5.6%
2025
$209,095
$209K
+3.4%
2026
$177,252
$177K
-15.2%
City Comparison
Logan vs. National Median
🏠 Logan
$177,252
National Median
$410,000
At $177,252, homes in Logan cost 57% below the national median of $410,000. This makes Logan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Logan?
20% Down Payment
$35,450
on $177,252
Monthly P&I
$924/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,173/mo
incl. taxes & insurance
Income Needed
$46,920
gross annual (30% rule)
10% Down Option
$17,725
+ PMI applies
Loan Amount (20% dn)
$141,802
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 Logan, NM?
The median home value in Logan is $177,252 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 15.2% year-over-year.
How much have home prices changed in Logan?
Over the past year, home values in Logan have decreased by 15.2%. Over five years, prices have fallen approximately 6.3%.
How much do I need to earn to buy a home in Logan?
To comfortably afford the median home price of $177,252 with a 20% down payment ($35,450) at today's rates (6.8%), you'd need a gross annual income of approximately $46,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Logan compare to the national average home price?
The national median home value is approximately $410,000. At $177,252, homes in Logan are 57% below the national average.