Brokers — List your Company Here
Featured local agent — ZIP 87301
Sarah Mitchell
Compass Real Estate · ZIP 87301
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
87301 ZIP Code Housing Market
The typical home in ZIP code 87301 is worth $224,338, held roughly flat 0.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published for this ZIP was $247,450, -12.0% year over year (through May 2026). With homes going under contract in about 63 days, 87301 is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down works out to about $1,198/mo in principal and interest.
Key numbers for ZIP code 87301
Typical home value
$224,338
-0.2% in 12 months
Zillow, August 2026
Median sale price
$247,450
-12.0% year over year
Redfin, through March 2026
Days on market
63
Slow-moving
Redfin, through March 2026
Active listings
34
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$58,772
Home costs 3.8x income
U.S. Census ACS, 2024
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current.
Is the 87301 ZIP code a buyer's or seller's market?
ZIP code 87301 is a leaning buyer's and homes selling in about 63 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
What are the latest 87301 housing market stats?
Redfin's final published month for this ZIP code. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $247,450 |
| Median list price | $289,000 |
| Year-over-year price change | -12.0% |
| Median price per sq ft | $138/sq ft |
| Median days on market | 63 days |
| Active inventory | 34 listings |
| Homes sold (that month) | 22 |
| Market condition | Leaning buyer's |
Reading these: months of supply is how long it would take to sell every active listing at the current pace (under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut.). Days on market is the median time from listing to accepted offer. Sale-to-list ratio above 100% means bidding over asking is normal here. Price per square foot lets you compare differently sized homes, but it should not be used to value your own.
How have 87301 home prices moved?
Over the three years through Redfin's final published month, the median sale price in 87301 rose 13.8%, from $217,500 to $247,450. The live Zillow value series has held roughly flat 0.2% in the last 12 months — the more current read now that the Redfin series has stopped. ZIP-level medians swing harder than citywide ones because far fewer homes sell in a month; read the shape of the line, not any single point.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
Get ZIP code 87301 market alerts
Weekly updates on prices, inventory, and trends. Free forever.
How does 87301 compare to Gallup, NM?
87301 sits about 1.3 miles from downtown Gallup, but we do not hold ZIP and citywide sale rows for the same period, so putting the two numbers side by side would be comparing different months. The Gallup, NM housing market page has the citywide figures, and the comparison tool puts any two markets against each other.
What does it cost to buy a home in 87301?
Priced off the typical home value of $224,338 at the current 7.03% 30-year fixed rate. Principal and interest only — property taxes, insurance, HOA dues and mortgage insurance are on top and vary too much by property for us to guess.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $44,868 | $179,470 | $1,198/mo |
| 5% | $11,217 | $213,121 | $1,422/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
Lenders generally want housing costs under 28% of gross income, so the 20%-down payment of $1,198 implies roughly $51,327 a year before taxes and insurance. The median household in this ZIP earns $58,772, clearing that threshold by about $7,445. Price-to-income runs 3.8x.
Run it with your own numbers: affordability calculator · mortgage calculator · rent vs. buy calculator
Who lives in 87301?
American Community Survey estimates for this ZIP code tabulation area. U.S. Census ACS, 2024
Population
21,755
Households
7,046
Median income
$58,772/yr
Median age
34 years
Owner-occupied
52.6%
Median home value
$168,500
Median gross rent
$930/mo
Mean commute
21.61 min
52.6% of occupied homes in this ZIP are owner-occupied — the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve ZIP 87301?
19 schools tracked · 8,345 students
The largest public schools serving ZIP code 87301 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MIYAMURA HIGH SCHOOL
Grades 9-12 · 1,387 students
GALLUP HIGH
Grades 9-12 · 994 students
HOZHO ACADEMY
Grades K-10 · 685 students
JOHN F. KENNEDY MIDDLE
Grades 6-8 · 656 students
CHIEF MANUELITO MIDDLE
Grades 6-8 · 616 students
JEFFERSON ELEMENTARY
Grades PK-5 · 473 students
DEL NORTE ELEMENTARY
Grades PK-5 · 438 students
GALLUP MIDDLE
Grades 6-8 · 423 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Homes for sale in 87301
The last count we hold for 87301 is 34 active listings, with a median asking price of $289,000 (Redfin, through May 2026). Properties Incorporated is a data platform, not a listing portal — we publish what homes cost and how fast they move, and we point you at the portals for the inventory itself. Tell us what you are looking for and we will send the Gallup, NM listings that match instead.
87301 housing market FAQ
How much do homes cost in 87301?
The typical home in ZIP code 87301 is worth $224,338 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published for this ZIP was $247,450, about $138 per square foot (through May 2026).
Is 87301 a buyer's or seller's market?
ZIP code 87301 reads as a leaning buyer's on the supply and pace-of-sale data we hold. Redfin's ZIP-level series stopped in June 2026, so this classification is frozen rather than live.
Is 87301 cheaper than Gallup, NM?
87301 sits in the Gallup, NM area, but we do not hold ZIP and citywide sale rows for the same period, so a direct price comparison would be mixing months. The Gallup, NM page shows the citywide figures we do have.
What income do you need to buy a home in 87301?
At the current 30-year fixed rate of 7.03%, 20% down on a $224,338 home is about $1,198 a month in principal and interest. Under the standard 28% front-end rule that implies roughly $51,327 in gross annual income, before property taxes, insurance, HOA dues or mortgage insurance. Census puts the median household income in this ZIP at $58,772.
Are home prices rising in 87301?
The typical home value in 87301 held roughly flat 0.2% over the last 12 months, from $224,715 to $224,338 (Zillow, August 2026). Zillow's index still refreshes monthly, so this is the current read.
What data do you publish for ZIP code 87301?
Zillow's Home Value Index and Observed Rent Index (monthly, current), Redfin's median sale price, days on market, inventory and months of supply (final period May 2026), U.S. Census ACS demographics, NCES public school records, and Freddie Mac's 30-year fixed rate via FRED for the affordability math. Every figure on this page carries its source and period. Properties Incorporated publishes market data; it does not list homes and does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on ZIP 87301
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this neighborhood. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching this area
Nearby markets
Get the 87301 market brief
Get the 87301 market brief
One email: what homes are clearing at around $224,338 in and around 87301, how long they sit, and what to fix on your credit before you apply.