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Jarales CDP, NM

ZIP 87023 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87023

Median Home Value
$153,300
Median Rent
N/A
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$985/mo PITI).

6.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

To comfortably buy a median-priced home in ZIP 87023 in Jarales CDP, NM, a household would need roughly $42,000 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 $985. That is about 68% above the local median household income ($25,043), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.3%+26% vs US avg
x
Vacancy Rate
22.2%+116% vs US avg
x
Broadband Access
54.4%-37% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
7.9%-38% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
100.0%+101% vs US avg
x
Mortgage-Free
100.0%+162% vs US avg
x
$153,300
Home Value
N/A
Rent
1982
Year Built
1994
Moved In

Residents have lived here since ~1994 on average

Housing Structure

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

  • 1-unit detached54.0%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other46.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$153,300
Median rent$-666,666,666
Owner-occupied82.3%
Vacant22.2%
Price-to-income6.1x
Est. income to buy$42,000