87417
$205,000median sale price
The 87417 zip code, located in Arroyo Seco, NM, is currently classified as a balanced market. The median sale price stands at $205,000, representing a -31.1% change year over year. Homes in this area spend an average of 2 days on the market before going under contract. There are currently 1 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 87417 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
2
Fast-moving
Active listings
1
Sale-to-list
—
Below asking
Market trends
Market analysis for 87417
The 87417 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 87417 have declined -31.1% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 87417 stands at $222,840, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
5,358
Median income
$50,114/yr
Median age
29.9 years
Owner-occupied
6660.0%
College grads
1230.0%
Living in 87417
Zip code 87417 is home to approximately 5,358 residents. The median household income is $50,114 per year, which shapes the types of homes and amenities available in the area. With a median age of 29.9 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 6660.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 1230.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 87417.
Frequently asked questions about 87417
What is the median home price in 87417?
The current median sale price in 87417 is $205,000, based on recent Redfin transaction data. Prices have changed -31.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 87417 a buyer's or seller's market?
The 87417 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 87417?
Zip code 87417 has a population of approximately 5,358 residents. The median household income is $50,114 per year. About 6660.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 87417?
Properties Incorporated provides comprehensive data for 87417 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 87417 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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