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Belen city, NM

ZIP 87002 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87002

Median Home Value
$183,700
Median Rent
$723
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,180/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 87002 in Belen city, NM, a household would need roughly $51,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,180. That is roughly in line with the local median household income ($51,537). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.1%+26% vs US avg
x
Vacancy Rate
16.0%+56% vs US avg
x
Broadband Access
76.7%-12% vs US avg
x
4+ Bedrooms
2.1%-85% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
21.2%-57% vs US avg
x
Mortgage-Free
55.1%+44% vs US avg
x
$183,700
Home Value
$723
Rent
1986
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.6%
  • 1-unit attached1.5%
  • 2-9 units3.4%
  • 10+ units3.6%
  • Mobile home & other28.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$183,700
Median rent$723
Owner-occupied82.1%
Vacant16.0%
Price-to-income3.6x
Est. income to buy$51,000