The story of this market
The typical home in ZIP 87301 sells for about $291,000, or $106 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 87301 — Gallup
The housing market in 87301 shows modest price appreciation and stable inventory levels. Demand remains consistent, driven by local employment in healthcare and education, though the market is not experiencing the rapid growth seen in larger metropolitan areas.
This ZIP is well-suited for local workers, families seeking affordable housing, and those who value proximity to the cultural and commercial amenities of Gallup.
Median prices moved up 2.8% year over year.
Homes spend a median of 68 days on market with 5.2 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 21.4% — a mixed stability 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 6.4%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 87301, McKinley County NM
Gallup experiences higher-than-average property and violent crime rates compared to national benchmarks, with local law enforcement focusing on community-based safety initiatives.
Schools in the Gallup-McKinley County district generally face challenges with academic performance metrics, though the district is actively working on curriculum improvements.
The area is primarily concerned with wildfire risk during dry seasons and occasional flash flooding, with standard insurance coverage typically available.
Economic momentum is driven by the healthcare, education, and retail sectors, with Gallup serving as a regional hub for the surrounding Navajo Nation and McKinley County.
Property taxes are assessed by McKinley County based on a millage rate structure; exemptions are available for head-of-household and veterans as per New Mexico state law.
The ZIP is centrally located in Gallup, providing short commutes to local employment centers via U.S. Route 491 and I-40.
Residents have access to local parks, the Red Rock Park nearby for hiking and events, and various shopping districts along the historic Route 66 corridor.
The rental market is characterized by steady demand from local workers and students, with limited new multi-family supply keeping vacancy rates relatively low.
The economy is anchored by the Gallup Indian Medical Center, Gallup-McKinley County Schools, and regional retail trade serving the Navajo Nation.
The area is served by I-40 and U.S. Route 491, with limited public transit options primarily provided by local bus services.
Ongoing efforts focus on infrastructure upgrades and small-scale commercial infill projects within the city limits.
The McKinley County Assessor manages property valuations, utilizing a mass appraisal system for annual tax roll updates.
Parcels are subject to Gallup-McKinley County School District taxes and local municipal levies.
Property insurance premiums are influenced by regional wildfire and wind exposure, with standard market availability.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a written disclosure statement regarding the condition of the property to potential buyers.
Data retrieved from data.census.gov for ZCTA 87301.
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.
Famous for its stunning red sandstone formations and annual ceremonial events.
Historic district featuring local art galleries, trading posts, and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.