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261 Warren, Silver City, NM, 88061

--beds
--baths
--sqft
$1,500,000
--price/sqft
$8,721/moest. monthly cost
$348,840/yrincome needed

About This Home

This 652 acre farm comes with 1,093.5 acre feet of Water Diversion rights for irrigation, 2 diesel wells produce roughly 1,600 GPM (simple to tie together), of which a 150HP well produces 1,000 GPM, and a 100HP well produces 600-700 GPM. There is an old windmill well as well by the cattle corrals. The irrigation water is cleaned through a 5-Pod Media Filter set Up. This farm is not operated presently but can be irrigated by submersed drip lines which need repair, and/or circular pivots (not included). The west half is presently leased to a cattle operation but can be terminated at any time. The east half has been dripline irrigated in the past. Excellent access, fantastic opportunity for hay, orchard or pecan farming, or any crop of your preference.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
7/10
La Plata Middle SchoolGrades 7-88.4 mi
4/10
Silver High SchoolGrades 9-128.4 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Property

Features

  • Fencing: Cross Fenced
  • Has view: Yes

Lot

  • Lot size: 652 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Wildfire
    WildfireVery High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Lightning
Winter Weather
Heat Wave
Landslide

FEMA Declared Disasters in Grant County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,584$91,008
Home Insurance *$514$6,168
Property Taxes $475$5,700
Electricity $148$1,780
Total$8,721$104,652
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$299,005/yr
40% on housing$261,630/yr
45% on housing$232,560/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 88061$229
Grant County$182

vs Homes Sold Last Month

Median $/sqft

ZIP 88061$195
Grant County$198

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-26Listed for sale$1,500,000

For Sale by Agent

AgentWolfgang Rempen
BrokerageRanch Pros Real Estate

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