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Hagerman town, NM

ZIP 88232 — 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 88232

Median Home Value
$115,600
Median Rent
$563
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$743/mo PITI).

10%
Rent-to-Income Ratio

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

1.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.1 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 88232 in Hagerman town, NM, a household would need roughly $32,000 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 $743. That sits below the local median household income ($67,273), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.7%+27% vs US avg
x
Vacancy Rate
20.1%+95% vs US avg
x
Broadband Access
79.2%-9% vs US avg
x
4+ Bedrooms
7.0%-53% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
33.6%-32% vs US avg
x
Mortgage-Free
66.7%+75% vs US avg
x
$115,600
Home Value
$563
Rent
1987
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 detached52.1%
  • 1-unit attached0.4%
  • 2-9 units2.6%
  • 10+ units0.5%
  • Mobile home & other44.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$115,600
Median rent$563
Owner-occupied82.7%
Vacant20.1%
Price-to-income1.7x
Est. income to buy$32,000