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The median home value in Las Vegas, NM is $237,994 as of 2026-07-31, up 10.28% from a year earlier.
Median Home Value
$237,994
Year-over-Year
+10.28%
Population
12,816
Las Vegas ranks #17 of 27 New Mexico cities tracked here by median home value, and sits 6.4% below the state's city median of $254,309. It sits in San Miguel County, where the county-wide median is $253,344.
Median household income in Las Vegas is $45,125, so the typical home value is about 5.3× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Las Vegas police recorded a violent crime rate of 655 per 100,000 residents in 2024 — higher than most cities that report to the FBI. Property crime runs at 1,467 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Las Vegas, that value is $237,994. That's up 10.28% from a year earlier. It is about 6.4% below the typical New Mexico city tracked here.
Homes in Las Vegas are cheaper than San Miguel County as a whole, where the median is $253,344 — a difference of about 6.1%.
Median household income here is $45,125, so the typical home value is about 5.3× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Las Vegas police reported 655 violent crimes per 100,000 residents, covering a population of about 12,816. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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