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Los Lunas village, NM

ZIP 87031 — 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 87031

Median Home Value
$206,600
Median Rent
$907
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,327/mo PITI).

18%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

19.0 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 87031 in Los Lunas village, NM, a household would need roughly $57,000 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 $1,327. That is roughly in line with the local median household income ($61,947). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
81.0%+24% vs US avg
x
Vacancy Rate
10.2%-1% vs US avg
x
Broadband Access
82.8%-5% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
0.8%-94% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
22.5%-55% vs US avg
x
Mortgage-Free
44.4%+16% vs US avg
x
$206,600
Home Value
$907
Rent
1992
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached62.4%
  • 1-unit attached1.5%
  • 2-9 units2.2%
  • 10+ units2.6%
  • Mobile home & other31.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$206,600
Median rent$907
Owner-occupied81.0%
Vacant10.2%
Price-to-income3.3x
Est. income to buy$57,000