87566
$160,000median sale price
The 87566 zip code, located in Arroyo Seco, NM, is currently classified as a buyer's market. The median sale price stands at $160,000, representing a -8.6% change year over year. Homes in this area spend an average of 58 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 87566 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
58
Average pace
Active listings
—
Sale-to-list
88.9%
Below asking
Market trends
Market analysis for 87566
The 87566 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 88.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 87566 have declined -8.6% 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.
Community profile
Population
2,906
Median income
$61,136/yr
Median age
38 years
Owner-occupied
8650.0%
College grads
1330.0%
Living in 87566
Zip code 87566 is home to approximately 2,906 residents. The median household income is $61,136 per year, which shapes the types of homes and amenities available in the area. With a median age of 38 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 8650.0% 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 1330.0% 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 87566.
Frequently asked questions about 87566
What is the median home price in 87566?
The current median sale price in 87566 is $160,000, based on recent Redfin transaction data. Prices have changed -8.6% 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 87566 a buyer's or seller's market?
The 87566 zip code is currently classified as a buyer's 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 87566?
Zip code 87566 has a population of approximately 2,906 residents. The median household income is $61,136 per year. About 8650.0% 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 87566?
Properties Incorporated provides comprehensive data for 87566 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 87566 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.
Get zip code 87566 market alerts
Weekly updates on prices, inventory, and trends. Free forever.