The median home value in ZIP Code 87023 is $126,900. That median value is about 26% lower than the median home value of $171,400 in New Mexico overall, and is 42% lower than the $217,500 the median home value in the entire U.S. Approximately 44.4% of homes in ZIP Code 87023 are valued $50,000 to $99,999. That is 231% higher than in the state of New Mexico, in which 13.4% of homes are valued at $50,000 to $99,999, and is about 270% higher than in the U.S. overall (12.0% of homes valued at $50,000 to $99,999). The home value range that the smallest portion of ZIP Code 87023 homes fall into is $1,000,000 or more (0.0% of homes).
This chart visualizes the breakdown of home values in ZIP Code 87023, New Mexico, and also in the U.S. overall.
See the table below for a regional comparison of home values in ZIP Code 87023.
| Home Value | ZIP 87023 | New Mexico | U.S. |
|---|---|---|---|
| Less than $50,000 | 0.0% | 10.9% | 6.9% |
| $50,000 to $99,999 | 44.4% | 13.4% | 12.0% |
| $100,000 to $149,999 | 18.9% | 16.3% | 13.3% |
| $150,000 to $199,999 | 36.7% | 18.9% | 14.0% |
| $200,000 to $299,999 | 0.0% | 20.8% | 19.6% |
| $300,000 to $499,999 | 0.0% | 13.5% | 19.3% |
| $500,000 to $999,999 | 0.0% | 4.8% | 11.4% |
| $1,000,000 or more | 0.0% | 1.4% | 3.4% |
Approximately 33.2% of homes in this Jarales, NM region were built in 1970 to 1979. This amount of homes built in 1970 to 1979 in ZIP Code 87023 is about 90% higher than percentage of homes built in this time period in New Mexico overall (17.5% of homes), and is 118% higher the percentage (15.2% of homes) in the U.S. as a whole. Additionally, an esimated 24.7% of local homes were built in 1980 to 1989. On the other end of the scale, just 0.0% of homes in this Valencia County ZIP Code were built in 1939 or earlier in ZIP Code 87023. In comparison, 4.4% of homes in New Mexico overall were built in 1939 or earlier, while 12.6% of all U.S. homes were built in this time period.
A detailed regional comparison of home ages in ZIP Code 87023.
| Year Built | ZIP 87023 | New Mexico | U.S. |
|---|---|---|---|
| 2014 or later | 10.2% | 1.8% | 2.5% |
| 2010 to 2013 | 5.1% | 2.6% | 2.7% |
| 2000 to 2009 | 3.4% | 15.3% | 14.0% |
| 1990 to 1999 | 9.4% | 17.6% | 13.9% |
| 1980 to 1989 | 24.7% | 17.1% | 13.4% |
| 1970 to 1979 | 33.2% | 17.5% | 15.2% |
| 1960 to 1969 | 8.9% | 10.0% | 10.6% |
| 1950 to 1959 | 5.1% | 9.6% | 10.3% |
| 1940 to 1949 | 0.0% | 4.1% | 4.9% |
| 1939 or earlier | 0.0% | 4.4% | 12.6% |
See the chart below for details on the age of homes in ZIP Code 87023, New Mexico, and also in the U.S. overall. Data here refers to years that homes were built.
Frequently asked questions about housing in this Jarales, NM ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 87023.
