Thoreau, NM housing market
The median sale price was $230,000 in March 2026.
Home values, sales, trends and how Thoreau compares with the towns next door — updated as new data is published.
Thoreau at a glance
Only 1 sale in March 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
2.1 years of income
The typical Thoreau home costs about 2.1 years of the town's median household income, less than across New Mexico (5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,130
HUD's Fair Market Rent for a two-bedroom in Thoreau is $1,130 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Thoreau pay a median of $483, so moving in tends to cost more than staying put. A two-bedroom takes about 30% of the town's median household income.
Studio $790 · 4 bedrooms $1,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (87312, 87323; Cibola 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.
Recent listings in Thoreau
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, March 2026. 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.