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Advertise here →Las Vegas, NM · Market Data
Las Vegas, New Mexico real estate market data.
Real estate market data for Las Vegas, NM (San Miguel County) — Census median home value $143,900, county listing prices up about 14.9% over the past year.
Las Vegas, NM is in San Miguel County, New Mexico — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 13,120, with a median household income of $42,732. Census data puts Las Vegas's median home value at $143,900.
At a glance
Las Vegas market snapshot
Population
13,120
Median Household Income
$42,732
Median Home Value (city)
$143,900
Median Gross Rent
$731/mo
Price Trend (YoY)
+14.9%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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Advertise here →Why Las Vegas
What makes Las Vegas different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Las Vegas's median home value — across all owner-occupied homes, not just recent sales — at $143,900.
County Price Trend
San Miguel County's FHFA house price index shows a 14.92% annual change in 2025.
Population & Income
Las Vegas has an estimated population of 13,120 and a median household income of $42,732, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Las Vegas's Census-reported median home value works out to about 3.4x the area's median household income, and median gross rent runs roughly 21% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Las Vegas FAQ
What are home values like in Las Vegas, NM?
The Census Bureau's American Community Survey puts Las Vegas's median home value at $143,900.
What is the population of Las Vegas, NM?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Las Vegas's population at approximately 13,120.
What's the median rent in Las Vegas, NM?
The Census ACS estimates median gross rent in Las Vegas at approximately $731 per month.
What is the median household income in Las Vegas, NM?
Census ACS data puts the median household income in Las Vegas at approximately $42,732.
Is the Las Vegas housing market growing?
San Miguel County's FHFA house price index shows a 14.92% annual change in 2025.
Is Las Vegas, NM affordable relative to income?
Census ACS data puts Las Vegas's median home value at about 3.4 times the median household income, with median gross rent equal to roughly 21% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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