The story of this market
The typical home in ZIP 87575 sells for about $235,000, or $168 per square foot.
Prices are up +4.4% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 87575 — Tierra Amarilla
The housing market in 87575 is characterized by low inventory and very limited sales activity, typical of a small, rural community. Prices have seen modest year-over-year growth, but the market remains stable with little speculative pressure. Most housing is owner-occupied, and the market is driven by long-term residents rather than high-turnover investment.
This area is best suited for those seeking a quiet, rural lifestyle in a small, tight-knit community, primarily appealing to long-term residents or those looking for affordable, remote living.
Median prices moved up 4.4% year over year.
Homes spend a median of 112 days on market with 7.0 months of supply — a slower-moving market.
7% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 22.1% — 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 5.5%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 87575, Rio Arriba County, NM
Property taxes are assessed by Rio Arriba County based on the state's valuation methodology; specific exemptions for agricultural or head-of-household status may apply.
The area is primarily rural, offering access to high-desert landscapes, nearby national forest lands, and outdoor recreation such as hiking and fishing.
The rental market is extremely limited with a very low renter share, primarily consisting of long-term residential housing rather than short-term vacation rentals.
The local economy is largely driven by agriculture, government services, and tourism related to the surrounding natural areas.
Parcels are served by the Chama Valley Independent School District and local rural utility cooperatives.
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.
Nearby reservoir offering boating, fishing, and camping.
Popular destination for water sports and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.