Zip 87731 (Montezuma, NM) Housing


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United States / New Mexico / Las Vegas Metro Area / San Miguel County / No City / Montezuma (zip 87731)
The housing market in 87731 Montezuma, NM is relatively strong. The median house value in the area is $251,700, significantly below the US median house value of $338,100. Despite this difference, the one-year house appreciation rate in 87731 Montezuma is 9.54%, slightly higher than the national average of 8.27%. This indicates that the housing market in Montezuma is stable and well above the country’s average.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingMontezuma, New MexicoUnited States
  180.0139,647,020.0
  7742
  $251,700$338,100
  12.5%16.6%
  43.0%57.0%
  56.6%101.1%
  $6.03$10.98
  $537$2,690
  62.8%57.4%
  26.7%11.2%
  10.6%31.4%
  Vacant Housing
  8.3%1.9%
  0.0%0.4%
  0.0%0.7%
  0.0%0.4%
  18.3%3.6%
  0.0%4.1%
  Value of Owner-Occupied Housing
  0.0%2.6%
  0.0%2.4%
  0.0%2.8%
  0.0%3.9%
  0.0%4.5%
  38.9%11.3%
  8.0%13.0%
  13.3%20.1%
  27.4%13.6%
  0.0%8.3%
  8.0%9.7%
  4.4%3.9%
  0.0%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  3.3%13.6%
  3.3%13.6%
  0.0%13.6%
  11.1%13.2%
  0.0%14.8%
  0.0%13.6%
  6.1%10.0%
  50.6%4.7%
  28.9%12.2%
Commute