Las Vegas, NM — Momentum Score, Home Values & Best-For

All states·New Mexico·Las Vegas

San Miguel County · Las Vegas · population 12,711

First-time buyersShrinkingSmall-town feel
OverviewCost of livingMoving guide
View watchlist →
70
Rising
Momentum score · 0–100

Where Las Vegas stands

At or near all-time high. home values up 10.6% in the last year. population shrinking 0.9% per year.

Median home $242,671
1-year +10.6%
5-yr CAGR +4.8%
vs 5-yr peak +0.0%
Population -0.9%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$243k$132k$172k$212k$252k201620182020202220242026

Lifestyle scores

🚶
Walkability
25/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
15/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
56/100
Workable for remote workers
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

How the momentum score breaks down

methodology →
Home YoY
92 · w22%
Home 5-yr CAGR
64 · w22%
Distance from peak
90 · w18%
Population growth
32 · w16%
Home 10-yr CAGR
63 · w10%
Long thesis

Las Vegas has held up across the cycle: home values at $242,671 with +4.8% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Las Vegas's population is shrinking 0.9% per year. Housing demand has to come from somewhere — if people are leaving, the buyer pool is shrinking faster than the inventory. That eventually shows up in price.

About Las Vegas

Las Vegas is a city in San Miguel County, New Mexico, with an estimated population of 12,711. The population has contracted 0.9% per year on average since 2020. The median home value in Las Vegas is $242,671 as of 2026-04, up 10.6% over the last 12 months. Over the last five years, home values have averaged +4.8% annual growth, with prices at or near the 5-year peak. The composite momentum score is 70 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Trend still working: prices up 10.6% in the last 12 months — buyers are still chasing inventory.
●Affordable AND rising: median home $242,671 with positive recent direction — rare combination most of the country can’t offer.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

●Flat or shrinking population: -0.9% per year. Housing demand has to come from somewhere — verify the source.
○Thin housing market: small population means fewer transactions and slower resale. Liquidity risk on exit.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for San Miguel County right now.

NWS active alerts (NM)New Mexico Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. San Miguel County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Las Vegas

Bloomfield, NM68 · RisingSocorro, NM60 · StableRaton, NM68 · RisingDeming, NM67 · Rising

Run the numbers for Las Vegas

ToolCan I afford Las Vegas?Income → city shortlistToolROI on a Las Vegas rentalCap rate, cash-on-cash, DSCRToolCompare Las Vegas to anywhereSide-by-side up to 3 citiesToolLas Vegas cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
50° / 25°
avg high / low
Summer (Jul)
87° / 61°
avg high / low
Sunny days/yr
280
~77% of year
Annual precip
14″ rain
12″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
Low
Wildfire
Very high
Earthquake
Low
Flood
Low

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Las Vegas listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local sports teams

Major professional teams the Las Vegas area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
48%
Dry climate
Median household income
$58,700
New Mexico state median
Top industries (state-level)
Government (labs)TourismOil & Gas

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

Cities similar to Las Vegas

Explore other places with comparable momentum or affordability.

See all New Mexico cities →    Browse best-of lists →