The story of this market
The typical home in ZIP 87415 sells for about $307,500, or $165 per square foot.
Prices are up +2.1% 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 87415 — Flora Vista
The housing market in 87415 remains stable with low inventory and modest price appreciation consistent with the broader San Juan County region. Demand is driven by local energy sector employment, though limited new construction keeps the market tight. Buyers should expect a competitive environment for well-maintained single-family homes.
This ZIP is best suited for families and workers in the energy or agricultural sectors who prefer a rural, quiet lifestyle with easy access to the amenities of Farmington.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 7.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 11.2% — 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 5.8%/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 3.7%/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 87415, San Juan County NM
Crime rates in the San Juan County area are generally consistent with regional rural New Mexico averages, with property crime being the primary concern.
Schools serving the area are part of the Central Consolidated School District, which provides standard public education services for the region.
The area faces moderate risks related to wildfire and high-wind events common to the high desert environment of northwestern New Mexico.
Economic momentum is tied to the energy sector and regional trade in Farmington, with limited new residential development occurring within the ZIP code itself.
Property taxes are assessed by San Juan County based on local millage rates; there are no specific municipal taxes for this unincorporated area.
Residents primarily commute by personal vehicle to employment hubs in Farmington or Kirtland via US-550 and US-64.
The area offers proximity to the San Juan River for fishing and boating, with local access to high-desert hiking trails and regional parks in nearby Farmington.
The rental market is characterized by low inventory and high demand from energy-sector workers, with limited multi-family options available.
The local economy is heavily influenced by the energy industry, including oil and gas extraction, alongside regional retail and services in the Farmington metro area.
Transportation is entirely dependent on private vehicles, with US-64 serving as the primary arterial road connecting the area to the broader county.
There are no major large-scale commercial or residential developments currently approved or under construction within the ZIP code boundaries.
The San Juan County Assessor manages property valuations, typically reassessing based on market sales data and state-mandated cycles.
Parcels are served by the Central Consolidated School District and various local water and utility cooperatives.
Property insurance premiums are rising due to regional wildfire risks and the general inflationary environment for construction materials.
Net domestic migration in the region has been relatively flat, with modest turnover driven by energy sector employment cycles.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement detailing known material defects at the time of sale.
Data retrieved from data.census.gov 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.
Provides regional access for fishing and outdoor recreation.
Local community green space for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.