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Clayton town, NM

ZIP 88415 — 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 88415

Median Home Value
$129,600
Median Rent
$477
Affordability Snapshot
$36,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$833/mo PITI).

13%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.6 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 88415 in Clayton town, NM, a household would need roughly $36,000 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 $833. That sits below the local median household income ($45,665), 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 23% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.3%+7% vs US avg
x
Vacancy Rate
23.4%+127% vs US avg
x
Broadband Access
83.2%-4% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
12.9%+0% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
6.9%-86% vs US avg
x
Mortgage-Free
63.5%+66% vs US avg
x
$129,600
Home Value
$477
Rent
1966
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 detached73.9%
  • 1-unit attached0.7%
  • 2-9 units6.0%
  • 10+ units2.6%
  • Mobile home & other16.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$129,600
Median rent$477
Owner-occupied70.3%
Vacant23.4%
Price-to-income2.8x
Est. income to buy$36,000