Market Overview
Home Prices in Mayhill, NM
The median home value in Mayhill, NM is $364,522 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.4% compared to a year ago and up 7.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mayhill are priced11% below average. Mayhill is part of the Roswell, NM metro area.
Over the past five years, Mayhill home values have risen by approximately34.6%, reflecting strong long-term appreciation in this market.
Price History
Mayhill Home Price Trend
City Comparison
Mayhill vs. National Median
At $364,522, homes in Mayhill cost 11% below the national median of $410,000. This makes Mayhill a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mayhill?
20% Down Payment
$72,904
on $364,522
Monthly P&I
$1,901/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,414/mo
incl. taxes & insurance
Income Needed
$96,560
gross annual (30% rule)
10% Down Option
$36,452
+ PMI applies
Loan Amount (20% dn)
$291,618
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 Mayhill, NM?
The median home value in Mayhill is $364,522 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.4% year-over-year.
How much have home prices changed in Mayhill?
Over the past year, home values in Mayhill have decreased by 2.4%. Over five years, prices have risen approximately 34.6%.
How much do I need to earn to buy a home in Mayhill?
To comfortably afford the median home price of $364,522 with a 20% down payment ($72,904) at today's rates (6.8%), you'd need a gross annual income of approximately $96,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Mayhill compare to the national average home price?
The national median home value is approximately $410,000. At $364,522, homes in Mayhill are 11% below the national average.
What metro area is Mayhill part of?
Mayhill is part of the Roswell, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.