Silver City, NM—88061
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Silver City, NM
Home Price Trends — Silver City, NM
As of Oct '25, the median home price in Silver City, NM is $222,000, with a year-over-year change of -14.4%. This indicates that home prices in Silver City, NM are decreasing. According to Zillow, the 1-year price projection is -3.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $222,000 | -14.4% |
| Single Family | $222,000 | -14.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $146,000 | -9.9% |
2 Bed | $193,000 | -7.2% |
3 Bed | $281,000 | -3.4% |
4 Bed | $341,000 | -3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Silver City, NM
As of July '25, Rentcast reports the average rent in Silver City, NM is $1,400, with a year-over-year rent change of 17.6%. Per bedroom, the median rent as of July '25 in Silver City, NM is 1-bedrooms: $3,540, 2-bedrooms: $1,160, 3-bedrooms: $1,430. The most common rental property sizes in Silver City, NM are 2-bedroom and 1-bedroom, accounting for 47.5% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,540 | $3,540 |
| 2 Bed Rent | $950 | $1,160 |
| 3 Bed Rent | $1,400 | $1,430 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Silver City, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Silver City, NM is 71. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | 9.0% |
Listing Count | 138 | 31.0% |
| Listings as % of Homes | 0.7% | 31.0% |
Days on Market | 71 | -10.0% |
Demographics — Silver City, NM
As of the latest ACS Survey released in 2023, Silver City, NM has a population of 17,500, which has decreased by -1.2% over the past 5 years. Silver City, NM is a moderately popular place for families, as children make up 16.7% of the population. The area has a moderately educated workforce, with 30.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,500 | -1.2% |
% Under 18 | 16.7% | -17.7% |
% Seniors | 29.4% | 14.4% |
% WFH | 13.7% | 121.0% |
% w/ College Degree | 30.4% | -7.3% |
As of the latest ACS Survey released in 2023, Silver City, NM is a predominantly white area, with 53.0% of the population identifying as white. The white population has grown by 5.8% in the last 5 years. The second most common race or ethnicity in Silver City, NM is hispanic, making up 41.3% of the population. Foreign-born residents account for 4.4% of the population in Silver City, NM, and this percentage has increased by 12.8% 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 | 53.0% | 5.8% |
% Black | 1.0% | 233.3% |
% Hispanic | 41.3% | -10.4% |
% Asian | 1.4% | 600.0% |
% Foreign Born | 4.4% | 12.8% |
Mortgage and Risk — Silver City, NM
According to HUD data as of 2023, there were 178 mortgage originations in Silver City, NM, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Silver City, NM. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 178 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Silver City, NM
Silver City, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 547 |
Total Units Section 8 | 489 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$2,770 | $3,540 | $770 |
| 2 Bedroom | $10 | $950 | $960 |
| 3 Bedroom | -$120 | $1,400 | $1,280 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Silver City, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $222,000 |
| Median Household Income | $47,100 |