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Waterflow CDP, NM

ZIP 87421 — 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 87421

Median Home Value
$125,500
Median Rent
$1,119
Affordability Snapshot
$35,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$806/mo PITI).

27%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.3 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 87421 in Waterflow CDP, NM, a household would need roughly $35,000 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 $806. That sits below the local median household income ($49,716), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.2%+15% vs US avg
x
Vacancy Rate
25.6%+149% vs US avg
x
Broadband Access
59.5%-32% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
1.2%-90% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
82.8%+117% vs US avg
x
$125,500
Home Value
$1,119
Rent
1985
Year Built
1999
Moved In

Residents have lived here since ~1999 on average

Housing Structure

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

  • 1-unit detached57.1%
  • 1-unit attached0.0%
  • 2-9 units4.7%
  • 10+ units0.0%
  • Mobile home & other38.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$125,500
Median rent$1,119
Owner-occupied75.2%
Vacant25.6%
Price-to-income2.5x
Est. income to buy$35,000