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📍 Nogal, NM · Zillow ZHVI · July 2026

Average Home Price in
Nogal, NM

Ruidoso, NM metro area · Lincoln County County

Median Home Value
$377,693
↑ 2.8% year-over-year
vs. National Median
$410,000
Nogal is 8% below
Est. Monthly Payment
$1,970/mo
20% down · 6.8% rate
Income Needed
$100K
gross annual (30% rule)
Median Home Value
$377,693
↑ 2.8% year-over-year
Down Payment (20%)$75,539
Monthly P&I$1,970/mo
With Taxes & Ins.~$2,502/mo
Income Needed$100,080/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Nogal, NM

The median home value in Nogal, NM is $377,693 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 1.5% from two years prior.

Compared to the U.S. national median of $410,000, homes in Nogal are priced8% below average. Nogal is part of the Ruidoso, NM metro area.

City Comparison

Nogal vs. National Median

🏠 Nogal
$377,693
National Median
$410,000

At $377,693, homes in Nogal cost 8% below the national median of $410,000. This makes Nogal a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Nogal?

20% Down Payment
$75,539
on $377,693
Monthly P&I
$1,970/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,502/mo
incl. taxes & insurance
Income Needed
$100,080
gross annual (30% rule)
10% Down Option
$37,769
+ PMI applies
Loan Amount (20% dn)
$302,154
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 Nogal, NM?
The median home value in Nogal is $377,693 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Nogal?
Over the past year, home values in Nogal have increased by 2.8%.
How much do I need to earn to buy a home in Nogal?
To comfortably afford the median home price of $377,693 with a 20% down payment ($75,539) at today's rates (6.8%), you'd need a gross annual income of approximately $100,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Nogal compare to the national average home price?
The national median home value is approximately $410,000. At $377,693, homes in Nogal are 8% below the national average.
What metro area is Nogal part of?
Nogal is part of the Ruidoso, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.