The story of this market
The typical home in ZIP 87533 sells for about $325,000, or $215 per square foot.
Prices are up +1.5% 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 $1,450 a month.
ZIP 87533 — Española
The housing market in 87533 remains stable with limited inventory and modest price appreciation. Demand is supported by local employment and proximity to regional hubs, though high interest rates and affordability constraints continue to temper sales volume.
This area is well-suited for local workers and families seeking a more affordable alternative to Santa Fe. It appeals to those who value proximity to Northern New Mexico's outdoor lifestyle and cultural heritage.
Median prices moved up 1.5% year over year.
Homes spend a median of 68 days on market with 5.8 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 19.0% — 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 7.8%/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 6.9%/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 87533, New Mexico
Crime rates in the Española area are generally higher than the national average, with property crime being the most frequently reported issue. Local law enforcement continues to focus on community-based initiatives to address regional safety concerns.
Schools in the area are primarily served by the Española Public Schools district, which faces ongoing challenges regarding academic performance and resource allocation. Many families seek alternative educational options or private schooling to supplement local offerings.
The region is subject to wildfire risks common to Northern New Mexico, necessitating proactive defensible space management for residential properties. Flood risks are localized, primarily affecting areas near the Rio Grande and its tributaries.
Economic momentum is driven by local government, healthcare services, and the proximity to Los Alamos National Laboratory, which serves as a major regional employer. Development is characterized by a mix of historic residential preservation and modest new-construction projects.
Property taxes are administered at the county level with rates influenced by local school district levies and municipal assessments. Exemptions are available for head-of-household and veteran status under New Mexico state law.
Commuting is primarily car-dependent, with residents often traveling to Los Alamos or Santa Fe for employment. Public transit options are limited, though regional bus services provide some connectivity to major employment hubs.
The area offers access to outdoor recreation including hiking trails in the nearby Sangre de Cristo Mountains and fishing along the Rio Grande. Local amenities include community parks, public golf facilities, and shopping centers serving the Española Valley.
The rental market is characterized by limited inventory and steady demand, with many units serving as long-term housing for local workers. Short-term rental presence is growing but remains secondary to the traditional residential market.
The economy is anchored by public sector employment, healthcare, and retail, with significant economic influence from the nearby Los Alamos National Laboratory. The area serves as a regional service hub for the surrounding rural communities.
Transportation is dominated by highway corridors like US-84/285, which connect the area to Santa Fe and Taos. Infrastructure improvements are focused on highway safety and regional transit connectivity.
Planning efforts are currently focused on downtown infrastructure upgrades and expanding utility capacity to support future residential growth.
The county appraisal district conducts annual assessments based on market value, with property owners having the right to protest valuations through a formal administrative process.
Parcels are subject to various special districts including school district levies, local hospital district taxes, and municipal utility assessments.
Property insurance premiums are influenced by regional wildfire risk and the availability of fire protection services, with many carriers requiring specific mitigation measures.
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.
Local hub for high school athletics and community events.
Provides scenic views and access to fishing and riverside trails.
Primary retail anchor for the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.