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Tucumcari city, NM

ZIP 88401 — 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 88401

Median Home Value
$65,800
Median Rent
$564
Affordability Snapshot
$18,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$423/mo PITI).

14%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.7 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 88401 in Tucumcari city, NM, a household would need roughly $18,000 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 $423. That sits below the local median household income ($46,773), 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 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.4%+8% vs US avg
x
Vacancy Rate
16.7%+62% vs US avg
x
Broadband Access
69.8%-20% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
8.2%-36% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
13.4%-73% vs US avg
x
Mortgage-Free
62.2%+63% vs US avg
x
$65,800
Home Value
$564
Rent
1959
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached78.4%
  • 1-unit attached3.5%
  • 2-9 units7.6%
  • 10+ units1.7%
  • Mobile home & other8.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$65,800
Median rent$564
Owner-occupied70.4%
Vacant16.7%
Price-to-income1.4x
Est. income to buy$18,000