The story of this market
The typical home in ZIP 87015 sells for about $389,387, or $215 per square foot.
Prices are up +3.7% from a year ago, so sellers still have some momentum. Homes take about 50 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 87015 — Edgewood
The 87015 housing market remains stable with solid pricing strength, driven by its appeal as a quiet, semi-rural alternative to Albuquerque. While inventory is limited, the high homeownership rate and steady demand for single-family homes support current valuations. Buyers should be aware that the market requires careful property evaluation due to the age of some housing stock and the specific maintenance needs of rural properties.
This ZIP is best suited for family buyers seeking larger lots and a quiet, semi-rural lifestyle, as well as commuters who prioritize space over proximity to the urban core.
Median prices moved up 3.7% year over year.
Homes spend a median of 50 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 7.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 87015, New Mexico
Crime trends in Edgewood are generally considered stable, with the area experiencing lower rates of violent crime compared to the more urbanized Albuquerque metropolitan core.
Schools serving the area are part of the Moriarty-Edgewood School District, which generally maintains a moderate performance rating within the state's accountability framework.
The area faces moderate wildfire risk due to its semi-rural, forested terrain and requires residents to maintain defensible space; flood risk is generally low but localized in specific drainage areas.
Economic momentum is driven by its role as a bedroom community for Albuquerque, with recent growth focused on residential expansion and small-scale commercial development along the I-40 corridor.
Property taxes are assessed by the Santa Fe County Assessor, with rates influenced by local school district levies and municipal millage; exemptions for head-of-household and veterans apply.
Residents primarily commute via Interstate 40, with a typical drive time of 35-45 minutes to reach major employment centers in Albuquerque.
The area features extensive access to outdoor recreation, including the Wildlife West Nature Park, local equestrian trails, and proximity to the Manzano Mountains for hiking and camping.
The rental market is characterized by moderate demand for single-family detached homes, with higher turnover rates compared to urban centers and a limited supply of multi-family units.
The economy is primarily service-oriented, supported by local retail, construction, and trade-based businesses, with a significant portion of the workforce employed in Albuquerque.
Transportation is heavily reliant on personal vehicles, with Interstate 40 serving as the primary artery for regional connectivity.
Development is focused on managed residential growth and the expansion of commercial infrastructure along the main highway corridors.
The Santa Fe County Assessor manages property valuations, with periodic reappraisals conducted to reflect market value changes.
Parcels are subject to Moriarty-Edgewood School District taxes and various local utility and fire protection district assessments.
Property insurance premiums are influenced by wildfire risk mitigation requirements and the distance to local fire stations.
New Mexico has experienced modest net domestic migration, with Edgewood attracting residents from the Albuquerque metro area seeking more affordable, spacious housing.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Sellers are required to provide a comprehensive property disclosure statement covering known material defects at the time of listing.
Data retrieved from US Census Bureau ZCTA 87015 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Hinkle Fun Center4.416.6 mi
- Chuck E. Cheese3.719.5 mi
- Skate-O-Mania4.217.6 mi
- The Dirty Bourbon3.918.5 mi
- Billiard Palace4.419.5 mi
- Jewish Community Center of Greater Albuquerque4.719.5 mi
- Wilson Stadium4.317.3 mi
- Wildlife West Nature Park4.73.4 mi
- Travertine Falls4.510.8 mi
- Carlito Springs4.811.2 mi
- Carlito Springs Open Space4.711.1 mi
- DOC LONG PICNIC AREA4.710.5 mi
- National Museum of Nuclear Science & History4.818.9 mi
- Tinkertown Museum4.89.8 mi
- Sandia Cave Trailhead4.614.7 mi
- Lewis Antique Auto & Toy Museum4.612.8 mi
- Zinks Town4.719.6 mi
- Travertine Falls4.510.8 mi
- Carlito Springs4.811.2 mi
- Carlito Springs Open Space4.711.1 mi
- Tree Spring Trailhead/park4.812.4 mi
- Canyon Estates Trailhead4.710.7 mi
- Paako Ridge Golf Club4.68.8 mi
- Lantern Ridge Farm Market And Nursery4.68.4 mi
- Smith's4.24.1 mi
- Albuquerque International Sunport4.423.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A 122-acre wildlife preserve and educational center featuring native New Mexico animals.
Provides local shopping, dining, and historic tourism opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.