The story of this market
The typical home in Gallup, New Mexico sells for about $284,000, or $165 per square foot.
Prices are up +9.8% from a year ago, so sellers still have some momentum. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $927 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.
Gallup, New Mexico
Gallup's housing market is showing resilience with a notable year-over-year price increase, driven by limited inventory and steady demand for affordable housing. While the broader population trend is slightly negative, the local economy remains anchored by essential healthcare and government services. Buyers and investors should note the specific challenges of the local school district and the unique regional economic dynamics.
No ARED county foreclosure postings attributed to Gallup 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 5.4% year over year.
Homes spend a median of 63 days on market with 4.7 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.35% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.2% · poverty 26.8% — a mixed stability profile.
- Fire Rock Navajo Casino3.76.4 mi
- Red Rock Park4.47.6 mi
- Golden Corral Buffet & Grill3.71 mi
- Fire Rock Navajo Casino3.76.4 mi
- Red Rock 10 - Allen Theatres3.93.9 mi
- George Galanis Multi Cultural Center4.40.2 mi
- El Morro Theatre4.60.1 mi
- Gal-A-Bowl4.71.6 mi
- Window Rock Tribal Park & Veteran's Memorial4.720.3 mi
- Navajo Nation Museum4.519.8 mi
- George Galanis Multi Cultural Center4.40.2 mi
- Chief Yellowhorse (Hole in the Wall)4.620.3 mi
- Red Rock Park4.47.6 mi
- Ford Canyon/Veterans Park4.20.8 mi
- City of Gallup Dog Park4.40.4 mi
- Playground Of Dreams40.9 mi
- Safeway4.21 mi
- Gallup Flea Market4.31.4 mi
- Albertsons4.21.4 mi
- Rio West3.71.3 mi
- Amigo Chevrolet4.11.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
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 major regional park featuring iconic red sandstone cliffs, hiking trails, and a large event center that hosts the annual Inter-Tribal Indian Ceremonial.
Located in the historic train depot, this center provides deep insights into the local history and the diverse cultures of the region.
Gallup is well-suited for families and professionals working in the regional healthcare and government sectors who value proximity to outdoor amenities. It also attracts investors looking for lower entry-price points compared to larger New Mexico metros, though buyers should be prepared for a market with limited inventory turnover.
Public education in Gallup is primarily served by Gallup-McKinley County Schools, which faces ongoing challenges regarding student performance and resource allocation. The district is working to improve academic outcomes through various state-supported initiatives and community engagement programs.
Gallup is strategically located along the I-40 corridor, serving as a major transit point for regional freight and passenger travel. Local transit options are limited, making personal vehicle ownership the primary mode of transportation.
Gallup offers significant access to outdoor recreation, including the Red Rock Park and various trail systems that highlight the region's unique geological formations. The city also serves as a cultural gateway, featuring numerous art galleries and museums dedicated to Native American heritage.
The rental market is characterized by steady demand from local workers and transient populations, though supply remains constrained by limited new construction. Vacancy rates are generally low, and investors often find opportunities in older, single-family housing stock.
The economy is anchored by the healthcare sector, specifically the Gallup Indian Medical Center, and a robust retail and hospitality industry serving travelers on I-40. The city acts as a primary economic engine for McKinley County.
Economic momentum is driven by the city's role as a regional hub for healthcare, retail, and tourism along the I-40 corridor. While population growth has faced recent headwinds, the city remains a critical service center for the surrounding Navajo Nation and rural McKinley County.
Development efforts are currently focused on revitalizing the downtown historic district and improving infrastructure to support local small businesses. There is a continued emphasis on expanding utility capacity to accommodate future commercial growth.
Parcels in Gallup are subject to standard municipal and county tax levies, with additional assessments for the local school district and regional hospital services.
Gallup experiences crime rates that are notably higher than the national average, particularly in property and violent crime categories. Local law enforcement and community leaders actively work to address these challenges, which remain a significant factor in regional safety discussions.
The area faces moderate risks related to wildfire and high-wind events, typical of the high-desert climate in McKinley County. Residents are encouraged to maintain defensible space around properties and ensure adequate insurance coverage for wind and fire damage.
Property insurance premiums in the region are influenced by wildfire risk and the high-desert climate, leading to a competitive but cautious market for residential coverage.
Property taxes in Gallup are administered at the county level by McKinley County, with rates determined by a combination of state-mandated levies and local school district requirements. The assessment process follows New Mexico's statutory framework, which includes specific exemptions for head-of-household and veterans.
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 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau ACS 5-year estimates for Gallup city, NM.
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.