Market Overview
Home Prices in Silver City, NM
The median home value in Silver City, NM is $220,605 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.6% compared to a year ago and down 10.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Silver City are priced46% below average. Silver City is part of the Silver City, NM metro area.
Over the past five years, Silver City home values have fallen by approximately5.2%, reflecting softening conditions in this market.
Price History
Silver City Home Price Trend
City Comparison
Silver City vs. National Median
At $220,605, homes in Silver City cost 46% below the national median of $410,000. This makes Silver City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Silver City?
20% Down Payment
$44,121
on $220,605
Monthly P&I
$1,151/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,462/mo
incl. taxes & insurance
Income Needed
$58,480
gross annual (30% rule)
10% Down Option
$22,061
+ PMI applies
Loan Amount (20% dn)
$176,484
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 Silver City, NM?
The median home value in Silver City is $220,605 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.6% year-over-year.
How much have home prices changed in Silver City?
Over the past year, home values in Silver City have decreased by 6.6%. Over five years, prices have fallen approximately 5.2%.
How much do I need to earn to buy a home in Silver City?
To comfortably afford the median home price of $220,605 with a 20% down payment ($44,121) at today's rates (6.8%), you'd need a gross annual income of approximately $58,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Silver City compare to the national average home price?
The national median home value is approximately $410,000. At $220,605, homes in Silver City are 46% below the national average.
What metro area is Silver City part of?
Silver City is part of the Silver City, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.