The story of this market
The typical home in ZIP 87046 sells for about $308,076, or $206 per square foot.
Prices are down 3.7% from a year ago, which gives buyers more room to negotiate. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 87046 — Regina
The housing market in ZIP 87046 shows stable conditions with a median home price of approximately $308,076. Market activity is driven by regional demand and affordability relative to the Albuquerque metro area, with inventory levels remaining consistent with recent trends.
This area is well-suited for family buyers and commuters seeking more affordable housing options compared to the Albuquerque urban core, while maintaining access to regional employment centers.
Median prices moved down 3.7% year over year.
Homes spend a median of 64 days on market with 4.9 months of supply — a balanced-paced market.
14% 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 14.0% — 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 7.2%/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 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 87046, Valencia County NM
Not determinable at the ZIP level.
The area is served by Belen Consolidated Schools and Los Lunas Public Schools, which provide the primary educational framework for the region.
The region faces standard high-desert environmental risks, including wildfire potential and wind events, with insurance premiums reflecting regional hazard exposure.
Economic momentum is tied to the broader Albuquerque metro area, with local development focused on residential expansion and infrastructure improvements along the I-25 corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New Mexico) — New Mexico Ad Valorem Property Tax: Tax is calculated by applying a tax rate (expressed in mills) to the net taxable value. The net taxable value is defined as one-third (33.33%) of the taxable value of the property.
Residents typically commute via I-25 toward the Albuquerque employment core, with an average commute time of approximately 30 minutes.
The area offers access to regional parks, outdoor trails, and local shopping centers, with proximity to the Rio Grande valley for recreational activities.
The rental market is characterized by moderate vacancy pressure and steady demand, with a mix of single-family rentals and multi-family units.
The economy is driven by a mix of local services, retail, and regional employment in the Albuquerque metro area.
The area is served by I-25 and NM state highways, facilitating regional connectivity.
Development is primarily focused on residential growth and supporting infrastructure.
The Valencia County Assessor manages property valuations for tax purposes.
Parcels are subject to school district levies and county-wide service assessments.
Property insurance premiums are influenced by regional wildfire and wind risk factors.
Data derived from Census ACS and county-level 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.
Provides extensive outdoor recreation and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.