87701
Las Vegas, New Mexico.
Las Vegas, San Miguel County, NM · Las Vegas, NM metro · population 17,339
to buy the typical home at today's mortgage rate — +$599 (+100%) since Jan 2020.
- 1 year
- Up $19,098 +9%
- $208,790$227,888 since Sep 2025
- 5 years
- Up $25,666 +13%
- $202,223$227,888 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 87701$1,196
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 29 years.
Typical home values in zip 87701 rose 9.1% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Las Vegas, NM — measured over the city limits, which is a different area from this zip.
Typical home value — 87701
Mid-tier homes, smoothed and seasonally adjusted.
- 87701$227,888
- Las Vegas$247,129
- United States$366,157
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.