A typical El Cerro home is worth roughly $390,000
Home prices around El Cerro have risen about 63% over the past 5 years.
What kind of housing town is El Cerro?
Read from the numbers below. The page puts what stands out first.
Home prices up 63% in 5 years
The federal house price index for the ZIP code around El Cerro rose 63% over the past 5 years, faster than across New Mexico (50%). Last year prices rose 6.6%. Carrying the Census median home value forward with that index puts the typical El Cerro home at roughly $390,000 today.
Carrying the Census median forward with the index puts a typical home at about $390K.
How El Cerro ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around El Cerro, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
95% of El Cerro households own their home
Half of El Cerro’s homes were built before 1985.
New Mexico: 70% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A typical home costs 3.7 years of income
Less than across New Mexico (5 years). Try your own numbers below.
That covers a typical El Cerro home, with $41K to spare.
A two-bedroom rents for about $1,530 a month here, $710 less than owning.
How El Cerro ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, El Cerro’s typical property tax (0.60% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,530
Renters already here pay a median of $723, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Albuquerque, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
El Cerro vs. its neighbors
El Cerro is the priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| El Cerro | $390K* | +6.6%† | $1,530 | — | $106,136 |
| Los Lunas | $331K | +3% | $1,530 | 241 | $62,330 |
| Valencia | $263K* | +6.6%† | $1,530 | — | $55,170 |
| El Cerro Mission | $115K* | +6.6%† | $1,530 | — | $49,470 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What El Cerro buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.