Market Overview
Home Prices in Taos, NM
The median home value in Taos, NM is $447,021 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.8% compared to a year ago and down 8.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Taos are priced9% above average. Taos is part of the Taos, NM metro area.
Over the past five years, Taos home values have fallen by approximately4.7%, reflecting softening conditions in this market.
Price History
Taos Home Price Trend
2020
$402,212
$402K
—
2021
$469,240
$469K
+16.7%
2022
$537,854
$538K
+14.6%
2023
$544,555
$545K
+1.2%
2024
$491,375
$491K
-9.8%
2025
$450,653
$451K
-8.3%
2026
$447,021
$447K
-0.8%
City Comparison
Taos vs. National Median
🏠 Taos
$447,021
National Median
$410,000
At $447,021, homes in Taos cost 9% above the national median of $410,000. Buyers in Taos should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Taos?
20% Down Payment
$89,404
on $447,021
Monthly P&I
$2,331/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,960/mo
incl. taxes & insurance
Income Needed
$118,400
gross annual (30% rule)
10% Down Option
$44,702
+ PMI applies
Loan Amount (20% dn)
$357,617
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 Taos, NM?
The median home value in Taos is $447,021 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.8% year-over-year.
How much have home prices changed in Taos?
Over the past year, home values in Taos have decreased by 0.8%. Over five years, prices have fallen approximately 4.7%.
How much do I need to earn to buy a home in Taos?
To comfortably afford the median home price of $447,021 with a 20% down payment ($89,404) at today's rates (6.8%), you'd need a gross annual income of approximately $118,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Taos compare to the national average home price?
The national median home value is approximately $410,000. At $447,021, homes in Taos are 9% above the national average.
What metro area is Taos part of?
Taos is part of the Taos, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.