The median home value in Tierra Amarilla, NM is $244,000. This is lower than the county median home value of $259,462. The national median home value is $308,980. The average price of homes sold in Tierra Amarilla, NM is $244,000. Approximately 36% of Tierra Amarilla homes are owned, compared to 8% rented, while 56% are vacant. Tierra Amarilla real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Tierra Amarilla real estate agent to arrange a tour today! Learn more about Tierra Amarilla Real Estate.