The story of this market
The typical home in ZIP 87321 sells for about $67,500, or $105 per square foot.
Prices are down 3.6% from a year ago, which gives buyers more room to negotiate. Homes take about 148 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 87321 — Ramah
The housing market in 87321 is characterized by low liquidity and very limited inventory, with prices remaining stagnant or slightly declining. High days on market and significant months of supply indicate a slow-moving, buyer-favorable environment driven by the area's remote rural nature.
This ZIP is best suited for those seeking rural, off-grid, or agricultural lifestyles, as well as retirees looking for low-cost land and proximity to natural landmarks.
Median prices moved down 3.6% year over year.
Homes spend a median of 148 days on market with 18.2 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 94.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.4% · poverty 22.5% — 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 1.7%/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 2.1%/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 87321, New Mexico
Crime data for the rural Ramah area is not determinable at the ZCTA level, though regional reports suggest low violent crime rates typical of remote McKinley County communities.
Schools serving the area are part of the Gallup-McKinley County Schools district, which faces challenges with student performance and resource allocation due to the vast, rural geography.
The area is subject to high wildfire risk during dry seasons and requires careful consideration of water rights and availability for residential properties.
Economic momentum is limited, with the local economy primarily driven by agriculture, small-scale tourism, and proximity to Zuni Pueblo and Gallup.
Property taxes are administered by McKinley County; the area lacks significant special district overlays like MUDs, with tax rates generally reflecting rural service levels.
Commuting is primarily by private vehicle, with residents traveling significant distances to Gallup or Zuni for employment and major services.
The area offers access to the Ramah Lake and proximity to El Morro National Monument, providing significant outdoor recreation and hiking opportunities.
The rental market is extremely thin with very low inventory, primarily consisting of older single-family homes and mobile home placements.
The economy is largely agrarian and service-oriented, with limited industrial presence and a heavy reliance on regional hubs like Gallup for employment.
Public transit is non-existent; the area relies entirely on state highways for connectivity to the broader region.
There are no major commercial or residential developments currently approved or under construction in the 87321 ZIP code.
The McKinley County Assessor manages property valuations, which are generally conservative given the rural nature of the land.
Parcels are generally not subject to MUD or PID assessments; school district taxes are the primary special levy.
Property insurance premiums are rising due to increased wildfire risk and the remote nature of the geography.
Not applicable for ZIP level.
Not applicable for ZIP level.
Not applicable for ZIP level.
Data retrieved from Census Bureau ZCTA-level tables.
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.
A local reservoir providing fishing and recreational space.
Historic site featuring ancient inscriptions and hiking trails nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.