The story of this market
The typical home in Silver City, New Mexico sells for about $182,100, or $135 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
Monthly price momentum
Home values since 2015
+3.3%
NM · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Silver City, New Mexico
The Silver City housing market remains stable, characterized by modest price appreciation and a limited inventory of available homes. Demand is supported by the local university and healthcare sectors, though the market is constrained by a lack of new construction. Current conditions reflect a balanced environment where affordability remains a key driver for local buyers.
No ARED county foreclosure postings attributed to Silver City yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 1.9% year over year.
Homes spend a median of 88 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.37% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 23.7% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A vast wilderness area offering extensive hiking, camping, and wildlife viewing opportunities that define the region's outdoor lifestyle.
A public university that serves as a major cultural and educational anchor for the city, hosting events and providing local employment.
The city's core, featuring preserved architecture, local art galleries, and independent dining establishments that drive local tourism.
Silver City is well-suited for retirees, outdoor enthusiasts, and those affiliated with the university or regional healthcare systems. It appeals to buyers seeking an affordable, small-town lifestyle with access to significant natural amenities. The market is less attractive to high-frequency commuters or those requiring large-scale urban infrastructure.
The Silver Consolidated School District serves the majority of the city, offering a range of public education options from elementary through high school. While performance metrics vary by campus, the district is the primary provider for local families and is integrated into the community's social fabric. Residents often supplement public offerings with local educational programs provided by Western New Mexico University.
Transportation is primarily reliant on personal vehicles, with US Highway 180 and NM Highway 90 serving as the main corridors. Public transit options are limited, reflecting the city's small-town scale and geographic isolation.
Silver City offers a robust amenity base centered on its proximity to the Gila National Forest, providing extensive opportunities for hiking, biking, and outdoor exploration. The historic downtown district serves as a cultural hub with local galleries, dining, and museums that attract both residents and visitors. The city's high-desert location and access to public lands make it a destination for those seeking an active, nature-oriented lifestyle.
The rental market in Silver City is characterized by steady demand driven by university students and healthcare professionals. Vacancy rates remain relatively low due to a limited supply of modern multi-family housing. Short-term rentals are present, particularly in the historic district, though the market is primarily dominated by long-term residential leases.
The economy is driven by education, healthcare, and tourism, with Western New Mexico University and regional medical centers serving as primary employers. The area maintains a stable industry mix that supports a consistent, if modest, local economic base.
Economic momentum in Silver City is anchored by Western New Mexico University and the regional healthcare sector, which provide stable employment. Infrastructure development is focused on maintaining the historic character of the downtown area while supporting modest residential growth. The city serves as a gateway to the Gila National Forest, which drives a consistent tourism and outdoor recreation economy.
Development planning is currently focused on small-scale infill projects and the ongoing revitalization of the historic downtown core to support tourism and local business growth.
Parcels in Silver City are subject to standard municipal and county tax levies, with no significant MUD or PID districts reported as primary drivers of property costs.
Silver City experiences property crime rates that are generally consistent with regional averages for small towns in southwestern New Mexico. Violent crime remains relatively low, though residents are encouraged to maintain standard security precautions. Local law enforcement maintains a visible presence to manage public safety across the historic downtown and residential districts.
The area is situated in a high-desert environment, making wildfire risk a primary concern during dry seasons, particularly for properties bordering the Gila National Forest. Flood risks are generally localized to specific drainage areas, and residents are advised to maintain adequate insurance coverage. The climate is characterized by high elevation, which influences wind patterns and seasonal temperature fluctuations.
Property insurance premiums are influenced by the region's wildfire risk profile, with carriers increasingly focused on defensible space and fire-mitigation efforts for residential properties.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New Mexico) — New Mexico Ad Valorem Property Tax: Tax is calculated by applying a tax rate (expressed in mills) to the net taxable value. The net taxable value is defined as one-third (33.33%) of the taxable value of the property.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau QuickFacts and ACS 5-year profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.