The story of this market
The typical home in ZIP 87510 sells for about $642,000, or $305 per square foot.
Prices are up +125.3% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $873 a month.
ZIP 87510 — Abiquiu
The 87510 market is experiencing significant price volatility with a very low volume of closed sales, making the year-over-year price increase an outlier likely driven by a small sample size of high-end listings. Investors face headwinds due to low income levels and management intensity, while the area remains a niche destination for lifestyle buyers. Most metrics, including inventory and days on market, reflect a slow-moving, rural market.
This area is best suited for retirees, artists, and second-home buyers seeking rural seclusion and natural beauty rather than commuters or investors looking for high-velocity turnover.
Median prices moved up 125.3% year over year.
Homes spend a median of 120 days on market with 9.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · 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 9.4%/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 9.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 87510, Rio Arriba County, NM
The area faces wildfire risks common to the high desert environment of Northern New Mexico.
Economic activity is primarily driven by tourism, arts, and local services with limited large-scale industrial development.
Property taxes are assessed by Rio Arriba County based on state-mandated valuation cycles; there are no local MUD or PID districts reported.
Commuting typically requires personal vehicle travel to Santa Fe or Española, as there is no public transit infrastructure.
The area is anchored by Abiquiu Lake and proximity to Ghost Ranch, offering extensive hiking, water recreation, and scenic landscapes.
The rental market is characterized by low inventory and high management intensity, with significant seasonal demand.
The local economy is heavily reliant on tourism, hospitality, and the arts, with limited commercial employment centers.
Insurance premiums are rising due to increased wildfire risk exposure in the region.
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.
Major reservoir offering boating, fishing, and camping.
Historic retreat center and educational site famous for its association with Georgia O'Keeffe.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.