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Edgewood town, NM

ZIP 87015 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87015

Median Home Value
$263,200
Median Rent
$688
Affordability Snapshot
$72,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,691/mo PITI).

11%
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.

31.9 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 87015 in Edgewood town, NM, a household would need roughly $72,000 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 $1,691. That is roughly in line with the local median household income ($72,681). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
90.0%+38% vs US avg
x
Vacancy Rate
8.0%-22% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
0.2%-98% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
10.1%-80% vs US avg
x
Mortgage-Free
40.2%+5% vs US avg
x
$263,200
Home Value
$688
Rent
1993
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached63.7%
  • 1-unit attached1.5%
  • 2-9 units0.3%
  • 10+ units1.3%
  • Mobile home & other33.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$263,200
Median rent$688
Owner-occupied90.0%
Vacant8.0%
Price-to-income3.6x
Est. income to buy$72,000