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Española city, NM

ZIP 87532 — 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 87532

Median Home Value
$225,000
Median Rent
$704
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,445/mo PITI).

15%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

26.6 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 87532 in Española city, NM, a household would need roughly $62,000 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 $1,445. That is roughly in line with the local median household income ($57,077). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.4%+9% vs US avg
x
Vacancy Rate
16.8%+63% vs US avg
x
Broadband Access
71.5%-18% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
14.7%-71% vs US avg
x
Mortgage-Free
65.9%+73% vs US avg
x
$225,000
Home Value
$704
Rent
1981
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 detached53.8%
  • 1-unit attached3.2%
  • 2-9 units6.0%
  • 10+ units1.6%
  • Mobile home & other35.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$225,000
Median rent$704
Owner-occupied71.4%
Vacant16.8%
Price-to-income3.9x
Est. income to buy$62,000