Gallup, NM housing market
The typical Gallup home is worth about $222,000, down 1.9% in a year, 30% below the New Mexico typical home. Homes typically sell in 64 days.
Home values, sales, trends and how Gallup compares with the towns next door — updated as new data is published.
Gallup at a glance
A balanced market
About 5.5 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Gallup | New Mexico |
|---|---|---|
| 2017 | $154,000 | $178,000 |
| 2018 | $157,000 | $184,000 |
| 2019 | $170,000 | $193,000 |
| 2020 | $181,000 | $205,000 |
| 2021 | $197,000 | $229,000 |
| 2022 | $211,000 | $263,000 |
| 2023 | $210,000 | $287,000 |
| 2024 | $213,000 | $302,000 |
| 2025 | $221,000 | $313,000 |
| 2026 | $224,000 | $315,000 |
| August 2026 | $222,000 | $318,000 |
3.8 years of income
The typical Gallup home costs about 3.8 years of the town's median household income, less than across New Mexico (5 years).
How Gallup ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.