Taos, NM—87571
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Taos, NM
Home Price Trends — Taos, NM
As of Oct '25, the median home price in Taos, NM is $418,000, with a year-over-year change of -8.0%. This indicates that home prices in Taos, NM are decreasing. According to Zillow, the 1-year price projection is -3.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $418,000 | -8.0% |
| Single Family | $428,000 | -7.0% |
| Condos | $360,000 | -10.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $449,000 | -0.9% |
3 Bed | $583,000 | 1.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Taos, NM
As of July '25, Rentcast reports the average rent in Taos, NM is $2,400, with a year-over-year rent change of 81.8%. Per bedroom, the median rent as of July '25 in Taos, NM is 1-bedrooms: $633, 2-bedrooms: $2,750, 3-bedrooms: $2,550, 4-bedrooms: $2,950. The most common rental property sizes in Taos, NM are 1-bedroom and 3-bedroom, accounting for 31.5% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $633 | $633 |
| 2 Bed Rent | $3,000 | $2,750 |
| 3 Bed Rent | $2,550 | $2,550 |
| 4 Bed Rent | $2,950 | $2,950 |
% of Rental Stock
Property Listings — Taos, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Taos, NM is 115. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $594,000 | -8.0% |
Listing Count | 117 | 7.0% |
| Listings as % of Homes | 1.0% | 7.0% |
Days on Market | 115 | 31.0% |
Demographics — Taos, NM
As of the latest ACS Survey released in 2023, Taos, NM has a population of 12,500, which has increased by 3.4% over the past 5 years. Taos, NM is a less popular place for families, as children make up 13.4% of the population. The area has a moderately educated workforce, with 43.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | 3.4% |
% Under 18 | 13.4% | -34.3% |
% Seniors | 31.6% | 43.0% |
% WFH | 15.6% | 62.5% |
% w/ College Degree | 43.8% | 59.9% |
As of the latest ACS Survey released in 2023, Taos, NM is a predominantly white area, with 46.6% of the population identifying as white. The white population has grown by 37.5% in the last 5 years. The second most common race or ethnicity in Taos, NM is hispanic, making up 40.5% of the population. Foreign-born residents account for 9.3% of the population in Taos, NM, and this percentage has increased by 38.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 46.6% | 37.5% |
% Black | 0.2% | -81.8% |
% Hispanic | 40.5% | -17.8% |
% Asian | 1.5% | 275.0% |
% Foreign Born | 9.3% | 38.8% |
Mortgage and Risk — Taos, NM
According to HUD data as of 2023, there were 88 mortgage originations in Taos, NM, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Taos, NM. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 6.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Taos, NM
Taos, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 434 |
Total Units Section 8 | 303 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $247 | $633 | $880 |
| 2 Bedroom | -$1,990 | $3,000 | $1,010 |
| 3 Bedroom | -$1,260 | $2,550 | $1,290 |
| 4 Bedroom | -$1,250 | $2,950 | $1,700 |
Affordability — Taos, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9 |
| Median Home Price | $418,000 |
| Median Household Income | $55,800 |