The story of this market
The typical home in ZIP 87031 sells for about $299,200, or $168 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,246 a month.
ZIP 87031 — Los Lunas
The housing market in 87031 remains stable, supported by steady demand from buyers seeking affordability relative to the Albuquerque metro area. While inventory remains tight, the market is seeing consistent interest due to regional industrial growth. Some figures, such as specific active listing counts and price cut percentages, are based on current market snapshots.
This area is ideal for families and commuters seeking more space and lower housing costs than the Albuquerque metro core, while still maintaining access to regional employment hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 58 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 5.5% · poverty 11.0% — 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 6.7%/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 87031, Valencia County NM
Crime rates in the Los Lunas/Peralta area are generally lower than the Albuquerque urban core, though property crime remains a primary concern for residents.
Schools in the area are primarily served by Los Lunas Schools, which generally maintain average performance ratings compared to state benchmarks.
The area faces moderate risks from wind and occasional flash flooding near the Rio Grande, with standard insurance requirements for flood zones in low-lying areas.
Economic momentum is driven by the expansion of the Los Lunas industrial corridor, including major logistics and data center investments that provide regional employment.
Property taxes are assessed by Valencia County based on local millage rates, which include school district and county-wide service levies.
Commuting to Albuquerque typically involves a 25-35 minute drive via I-25, with limited public transit options available for daily commuters.
The area features access to the Rio Grande Bosque for hiking and birdwatching, along with local community parks and proximity to rural equestrian trails.
The rental market is characterized by low vacancy rates and limited inventory, with demand driven by workers in the nearby industrial and logistics sectors.
The economy is anchored by logistics, manufacturing, and regional retail, with significant employment provided by the Los Lunas industrial park.
Transportation is heavily reliant on I-25 for regional connectivity, with limited local public transit infrastructure.
Development is focused on expanding residential subdivisions and supporting infrastructure in the Los Lunas and Peralta corridor.
Valencia County Assessor manages property valuations, with assessments typically updated annually based on market sales data.
Parcels are subject to Los Lunas School District taxes and various county-level service and utility district assessments.
Property insurance premiums are influenced by regional wildfire and wind risk factors, with standard coverage available.
Data retrieved from US Census Bureau ZCTA 87031 profile.
- Escape in Time - Escape Rooms4.819.2 mi
- Isleta Amphitheater4.413.3 mi
- RGCU Field at Isotopes Park4.718.1 mi
- Albuquerque Convention Center4.319.5 mi
- Expo New Mexico4.318.9 mi
- Popejoy Hall4.718.9 mi
- Fourth of July Trailhead4.711.4 mi
- Valle de Oro National Wildlife Refuge4.512.8 mi
- Starlight Cinema4.410.3 mi
- Tomé Hill Park4.58.1 mi
- Huning Ranch Park4.510.8 mi
- National Museum of Nuclear Science & History4.817.9 mi
- National Hispanic Cultural Center4.618.3 mi
- Zendo Coffee4.719.1 mi
- Maxwell Museum of Anthropology4.719.2 mi
- Historic Lobo Theater & Event Center4.718.8 mi
- Fourth of July Trailhead4.711.4 mi
- Valle de Oro National Wildlife Refuge4.512.8 mi
- Tomé Hill Park4.58.1 mi
- Huning Ranch Park4.510.8 mi
- Riverside Park4.47.6 mi
- Isleta Golf Club4.110.3 mi
- Smith's4.16.8 mi
- Ross Dress for Less4.26.9 mi
- Valencia -Y-Center4.36.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trails for hiking and wildlife viewing along the river.
A major community park in Los Lunas with sports fields and event space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.