Silver, NM housing market
The typical Silver home is worth about $222,000, down 5.6% in a year, 30% below the New Mexico typical home. Homes typically sell in 40 days.
Home values, sales, trends and how Silver compares with the towns next door — updated as new data is published.
Silver at a glance
A balanced market
About 5 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Silver | New Mexico |
|---|---|---|
| 2017 | $195,000 | $178,000 |
| 2018 | $193,000 | $184,000 |
| 2019 | $208,000 | $193,000 |
| 2020 | $204,000 | $205,000 |
| 2021 | $223,000 | $229,000 |
| 2022 | $244,000 | $263,000 |
| 2023 | $274,000 | $287,000 |
| 2024 | $266,000 | $302,000 |
| 2025 | $258,000 | $313,000 |
| 2026 | $227,000 | $315,000 |
| August 2026 | $222,000 | $318,000 |
No new homes permitted in 2023
No permits for new homes were issued in Silver in 2023. The last year with any was 2022 (3 new homes).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2023 | 0 | 0 | 0 | — |
| 2022 | 3 | 3 | 0 | $486,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 10 | 10 | 0 | $1.6 million |
| 2019 | 10 | 10 | 0 | $1.6 million |
| 2018 | 9 | 9 | 0 | $1.5 million |
| 2017 | 11 | 11 | 0 | $1.8 million |
| 2016 | 7 | 7 | 0 | $1.1 million |
| 2015 | 15 | 15 | 0 | $2.6 million |
| 2014 | 4 | 4 | 0 | $928,000 |
| 2013 | 2 | 2 | 0 | $489,000 |
Silver's permit office didn't report to the Census in 2023, so the 2023 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Silver and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2023 | Median income |
|---|---|---|---|---|---|
| Silver | $222K | −5.6% | $1,080 | 0 | $38,711 |
| Little Walnut Village | — | +2.6%† | $1,080 | — | $125,175 |
| Rosedale | — | +2.6%† | $1,080 | — | — |
† FHFA price index change, where Zillow has no home value for the town.
5.7 years of income
The typical Silver home costs about 5.7 years of the town's median household income, more than across New Mexico (5 years).
How Silver 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 $1,080
HUD's Fair Market Rent for a two-bedroom in Silver is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Silver pay a median of $866, so moving in tends to cost more than staying put. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $820 · 4 bedrooms $1,430
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (88061; Grant County, NM), 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, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.