Las Vegas

Las Vegas

Located in San Miguel County

$144 Average Price per Sq Ft
11 Homes For Sale

The “other Las Vegas” — a well-preserved old west town

Las Vegas is a quiet town in the Sangre de Cristo Mountains of New Mexico, the county seat of San Miguel County. Its population of 13,000 includes county workers, students, artists and retirees. At first glance, it has little in common with Las Vegas, New Mexico. There aren't bright lights and slot machines, but there are bright stars, hot springs and hiking trails. Plus last call typically comes by 9 p.m. The housing stock is modest and limited, often appealing to those looking for a quaint town or a historic home.

But once upon a time, this quieter Las Vegas was quite rowdy, attracting merchants, saloon keepers and outlaws like Billy the Kid and Jesse James. Its old west roots are evident in Old Town on the west side of the Gallinas River, where early 19th-century adobe buildings surround a Spanish-style town plaza. New Town, across the river, is new in name only and has a history all it's own. In fact, in the 1880s, the railroad brought settlers from the east, who built the Victorian and Italianate homes and buildings that characterize the city's eastern section. “It still has original architecture, and some of it is very beautiful,” says Laurie Frantz, a Realtor for Keller Williams with 20 years of experience. “We have an original Carnegie Library and a Harvey House hotel, the Castañeda.”

Las Vegas is a quiet town with old west roots in the Sangre de Cristo Mountains of New Mexico, the county seat of San Miguel County.
Las Vegas is a quiet town with old west roots in the Sangre de Cristo Mountains of New Mexico, the county seat of San Miguel County.
In the 1880s, the railroad brought settlers from the east to Las Vegas who built the Victorian and Italianate homes and buildings that characterize the city's eastern section.
In the 1880s, the railroad brought settlers from the east to Las Vegas who built the Victorian and Italianate homes and buildings that characterize the city's eastern section.
1/2

The past lives on in commercial districts and the Rough Rider Motorcycle Rally

Las Vegas is a state-designated arts and cultural district. More than 900 buildings are on the National Register of Historic Places, a high number for the city's small size. Its Wild West vibe is so authentic that it has attracted filmmakers for over a hundred years who have made it a backdrop for Westerns from the silent era to Easy Rider and Red Dawn. Three commercial districts have antique stores, art galleries and eateries in historic buildings, including Old Town, New Town and Railroad Avenue. The Committee for Historic Preservation hosts a tour of historic buildings in August and a historic home tour in December. In July, motorcyclists put on an annual Rough Rider Motorcycle Rally, named after a western territories regiment from the Spanish-American War.

Las Vegas is a state-designated arts and cultural district with more than 900 buildings on the National Register of Historic Places, a high number for the city's small size.
Las Vegas is a state-designated arts and cultural district with more than 900 buildings on the National Register of Historic Places, a high number for the city's small size.
Las Vegas has three commercial districts that have antique stores, art galleries and eateries in historic buildings, including Old Town, New Town and Railroad Avenue.
Las Vegas has three commercial districts that have antique stores, art galleries and eateries in historic buildings, including Old Town, New Town and Railroad Avenue.
1/2

Neighborhoods include East and West Las Vegas, with new homes in the north

The median home price is $215,000 in Las Vegas, and home values are well below the national average. “The housing market was very active during COVID, but we don’t have much inventory now,” says Frantz. There are some fixer-uppers under $100,000, and renovating these old homes is common. A few historic homes are priced up to $500,000. “[Las Vegas] has fascinating architecture – mostly adobe and tin roofs in West Las Vegas and Victorian and turn-of-the-century in East Las Vegas, and newer homes from the ‘60s to 80s, in the north.” There are some properties with potential for renovation that have a mix of commercial and residential space, and some empty lots are scattered throughout town with the potential to build new construction.

Stunning Victorian homes can be found throughout East Las Vegas.
Stunning Victorian homes can be found throughout East Las Vegas.
Adobe homes with tin roofs characterize the neighborhoods in in West Las Vegas.
Adobe homes with tin roofs characterize the neighborhoods in in West Las Vegas.
1/2

Two school districts plus New Mexico Highlands University

Las Vegas is served by two public school districts, and a friendly rivalry between West and East still shows up in high school sports. The Las Vegas City Public School District is graded C-plus by Niche, while the West Las Vegas School District is graded C. The city is also home to New Mexico Highlands University, a state university established in 1893, with 3,000 students and programs in liberal arts, education, technology and nursing. Plus, nearby are Luna Community College and United World College, a small boarding school.

Las Vegas is served by two public school districts, and a friendly rivalry between West and East still shows up in high school sports.
Las Vegas is served by two public school districts, and a friendly rivalry between West and East still shows up in high school sports.
Las Vegas is home to New Mexico Highlands University, a state university established in 1893, with 3,000 students and programs in liberal arts, education, technology and nursing.
Las Vegas is home to New Mexico Highlands University, a state university established in 1893, with 3,000 students and programs in liberal arts, education, technology and nursing.
1/2

Abundance of recreation spots includes Storrie Lake

Set in a mountainous region with an abundance of green space, the warm summers and cold, windy winters create a diversity of recreational opportunities in and around Las Vegas. The city itself has over two dozen community parks, sports fields and trails. Two national forests surround the city, with more rugged trails and campgrounds. The nearby forests pose a risk of wildfires. In fact, in 2022, a fire north of the city burned over 300,000 acres and damaged the city’s water supply system. Outside of the city, United World College has hot springs, and Storrie Lake State Park has camping, fishing and boating. Plus, the Taos Ski Valley is about a hundred miles north.

Las Vegas has over two dozen community parks, sports fields and trails.
Las Vegas has over two dozen community parks, sports fields and trails.
Only 10 minutes to the north of Las Vegas, Storrie Lake State Park has camping, fishing and boating.
Only 10 minutes to the north of Las Vegas, Storrie Lake State Park has camping, fishing and boating.
1/2

Remote location has access to Santa Fe via I-25

Las Vegas is distant from major urban areas. Healthcare is available at Alta Vista Regional Hospital. Interstate 25 runs through the city, connecting to Santa Fe, 70 miles west, and Albuquerque, 125 miles away. Amtrak has a station in Las Vegas, and Albuquerque is 3 hours away by train. The Santa Fe Regional Airport connects to Phoenix, Dallas and Denver, and the Albuquerque International Sunport Airport has service throughout the country and world.

Crime rates in Las Vegas

According to FBI data, from 2018 to 2023, the violent crime rate increased in Las Vegas by 25%. The property crime rate decreased 37% over the same time period.

Carol Parish
Written By
Carol Parish
Nate Myers
Photography Contributed By
Nate Myers
Anne Sheridan
Video By
Anne Sheridan

Interested in learning more about homes in this area? Reach out to Rudolph Baca, an experienced agent in this area.

Agents Specializing in this Area

See All Agents

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Las Vegas Housing Trends

Housing Trends

Median List Price
$217,000
Median Sale Price
$210,000
Median Single Family Sale Price
$215,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
42
Median Home Sale Price YoY Change
-$6
Average Price Per Sq Ft
$144

Neighborhood Facts

Number of Homes for Sale
11
Months of Supply
3.10

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Las Vegas Has More Owners

Demographics

Total Population
14,397
Median Age
41
Population Density
10 ppl/acre
Population under 18
22.7%
On par with the national average
23.8%
Population over 65
21.7%
On par with the national average
19.1%

Finances

Median Household Income
$31,709
Significantly below the national average
$71,702
Average Household Income
$48,734

Education and Workforce

High School Graduates
85.2%
College Graduates
28.7%
Below the national average
34.1%
Advanced Degrees
12%
% Population in Labor Force
48.5%
Below the national average
65.1%
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Las Vegas