Zip 87301 (Gallup, NM) Housing

The housing market in 87301 Gallup, NM is doing very well. The median value of homes here is $176,600, which is quite a bit lower than the US House Median Value of $338,100. However, in the past year the House Appreciation in this area was 9.54%, which exceeds the US average of 8.27%. This indicates that Gallup, NM is experiencing a strong real estate market with rising home values and a healthy local economy.

The median home cost in Gallup (zip 87301) is $176,600. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Gallup (zip 87301) is up 12.5%.

Average Age of Homes

- The median age of Gallup (zip 87301) real estate is 38 years old

The Rental Market in Gallup (zip 87301)

- Renters make up 28.5% of the Gallup (zip 87301) population
- 0.0% of houses and apartments in Gallup (zip 87301), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Gallup, New Mexico	United States
	7,854.0	139,647,020.0
	46	42
	$176,600	$338,100
	12.5%	16.6%
	43.0%	57.0%
	56.6%	101.1%
	$17.45	$10.98
	$1,317	$2,690
	52.2%	57.4%
	5.4%	11.2%
	42.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.4%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	4.4%	4.1%
Value of Owner-Occupied Housing
	18.8%	2.6%
	1.2%	2.4%
	2.7%	2.8%
	3.2%	3.9%
	14.2%	4.5%
	20.5%	11.3%
	17.8%	13.0%
	12.4%	20.1%
	5.1%	13.6%
	1.7%	8.3%
	1.8%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.1%	13.6%
	9.1%	13.6%
	11.7%	13.6%
	13.8%	13.2%
	25.3%	14.8%
	11.7%	13.6%
	10.3%	10.0%
	8.3%	4.7%
	5.9%	12.2%

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