Land and home values in Las Vegas, NM
Las Vegas is a city in San Miguel County, New Mexico, home to about 13,000 people. Residential land runs about $4.53 per sq ft, the typical home is worth about $177,000, and a 2-bedroom rents for about $933 a month, as of October 12, 2026.
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| Land: residential | $4.53 | per sq ft |
| Land: residential | $197,327 | per acre |
| Land: quarter-acre lot | $49,332 | 10,890 sq ft |
| Home: typical (median) | $177,000 | value |
| Home: entry-level | $117,000 | lower quartile |
| Home: upper-end | $303,000 | upper quartile |
| Build new | $177 | per sq ft, no land |
| Rent: 1-bedroom | $851 | per month |
| Rent: 2-bedroom | $933 | per month |
| Rent: 3-bedroom | $1,300 | per month |
| Rent: 4-bedroom | $1,500 | per month |
| Gross yield, 2-bed | 6.3% | a year |
Questions people ask
How much is land worth in Las Vegas, NM?
Residential land in Las Vegas, NM is about $4.53 per square foot, or $197,327 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $49,332. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Las Vegas, NM?
The typical (median) home in Las Vegas, NM is worth about $177,000, with entry-level homes around $117,000 and upper-end homes around $303,000, as of October 2026.
How much is rent in Las Vegas, NM?
A 2-bedroom rents for about $933 a month in Las Vegas, NM, a 1-bedroom about $851 and a 3-bedroom about $1,300 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.