Belen, NM housing market
The typical Belen home is worth about $272,000, up 2.6% in a year, 14% below the New Mexico typical home.
Home values, sales, trends and how Belen compares with the towns next door — updated as new data is published.
Belen at a glance
Typical home value, 2016–2026
Show as a table
| January | Belen | New Mexico |
|---|---|---|
| 2017 | $135,000 | $178,000 |
| 2018 | $143,000 | $184,000 |
| 2019 | $149,000 | $193,000 |
| 2020 | $167,000 | $205,000 |
| 2021 | $197,000 | $229,000 |
| 2022 | $233,000 | $263,000 |
| 2023 | $241,000 | $287,000 |
| 2024 | $254,000 | $302,000 |
| 2025 | $266,000 | $313,000 |
| 2026 | $270,000 | $315,000 |
| August 2026 | $272,000 | $318,000 |
Belen and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Belen | $272K | +2.6% | $1,310 | $42,627 |
| Sausal | — | +3.1%† | $1,200 | $65,071 |
| Los Chaves | — | +4.1%† | $1,300 | $79,662 |
| Jarales | — | +3.1%† | $1,200 | $55,676 |
| Pueblitos | — | +3.1%† | $1,200 | $43,466 |
† FHFA price index change, where Zillow has no home value for the town.
6.4 years of income
The typical Belen home costs about 6.4 years of the town's median household income, more than across New Mexico (5 years).
How Belen ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,310
HUD's Fair Market Rent for a two-bedroom in Belen is $1,310 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Belen pay a median of $916, so moving in tends to cost more than staying put. A two-bedroom takes about 37% of the town's median household income, above the 30% guideline for affordable housing.
Studio $910 · 4 bedrooms $2,170
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (87002, 87031; Albuquerque, NM MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.