Housing in Valencia

A typical Valencia home is worth roughly $329,000

Home prices around Valencia have risen about 63% over the past 5 years.

Typical home value

$329K

▲ 6.6% in a year · NM $318K

Estimate

2-bedroom rent

$1,530

a month, utilities in · HUD

Median tax bill

$1,274

NM $1,731

What kind of housing town is Valencia?

Read from the numbers below. The page puts what stands out first.

Prices climbing fastUp 6.6% in a year.A town of owners91% of households own their home.

★ What stands out · Price trend

Home prices up 63% in 5 years

The federal house price index for the ZIP code around Valencia 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 Valencia home at roughly $329,000 today.

Valencia areaNew Mexico

+6.6%

past year

+63%

past 5 years

+97%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $329K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Valencia, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

The homes

91% of Valencia households own their home

Half of Valencia’s homes were built before 1981.

Owners and renters

Own 91%Rent 9%

New Mexico: 70% own.

1981

typical home built · NM 1985

$1,274

median property tax bill · NM $1,731

0.48%

of a home’s value, a year in tax · NM 0.70%

U.S. Census Bureau, American Community Survey 2020-2024.

Affordability

A typical home costs 6 years of income

More than across New Mexico (5 years). Try your own numbers below.

You could afford about

$227,000

Typical Valencia home $329K

That’s $102K short of a typical Valencia home.

The typical home, each month

$1,860

Loan $1,630Tax $130Insurance $100

A two-bedroom rents for about $1,530 a month here, $330 less than owning.

Where your budget reaches nearby

Los Lunas$331K Peralta$408K El Cerro$312K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Valencia’s typical property tax (0.48% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,530

Renters already here pay a median of $668, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$1,050

1 bedroom$1,240

2 bedrooms$1,530

3 bedrooms$2,130

4 bedrooms$2,510

of households rent · NM 30%

renter households

of renters spend 30%+ of income on rent · NM 50%

33%

of the median income, for a two-bedroom

$668

median rent paid today · Census

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.

Next door

Valencia vs. its neighbors

Valencia is the 2nd least expensive of 4 neighboring towns. Tap one to see its housing page.

Peralta$408K Los Lunas$331K Valencia$329K El Cerro$312K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Valencia	$329K*	+6.6%†	$1,530	—	$55,170
Los Lunas	$331K	+3%	$1,530	241	$62,330
Peralta	$408K	+3%	$1,350	—	$73,131
El Cerro	$312K*	+6.6%†	$1,530	—	$106,136

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 Valencia buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Valencia still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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.