Los Ojos, NM

Los Ojos is a small town located in the San Luis Valley of southern New Mexico. The town was founded in 1881 and named for its large, almond-shaped eyes on a hill overlooking the valley. The population of Los Ojos was 1,827 at the 2010 census.

Real estate in Los Ojos is dominated by ranching and agriculture. There are a few small businesses, but most employment is provided by agriculture or related industries. The median home price in Los Ojos was $157,500 in January 2016 according to Zillow.com. This is much lower than the statewide median home price of $269,000 and reflects the generally lower prices found in rural areas throughout New Mexico.

The primary real estate market in Los Ojos is residential property sales. There are a limited number of homes available for sale and most buyers are looking for properties that can be used as their primary residence or to invest in long term. Single family homes account for the majority of sales activity in Los Ojos but there is also a significant amount of interest from investors looking to purchase commercial property or land parcels for agricultural purposes.