The story of this market
The typical home in ZIP 87712 sells for about $245,000, or $168 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 87712 — Buena Vista
The housing market in 87712 remains stable with low inventory and modest price appreciation. Activity is driven by local demand rather than speculative investment, resulting in a slow but steady pace of sales.
This ZIP is best suited for those seeking a rural, quiet lifestyle, including retirees and individuals who work remotely or in local agricultural sectors.
Median prices moved up 2.1% year over year.
Homes spend a median of 48 days on market with 4.2 months of supply — a fast-moving market.
15% 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 6.8% · poverty 15.4% — 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 6.0%/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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 87712, San Miguel County, NM
Crime rates in this rural area are generally lower than the national average, with property crime being the primary concern.
Schools serving this area are part of the West Las Vegas Public Schools district, which faces challenges with funding and student performance metrics.
The area is subject to wildfire risks common to the high desert environment of Northern New Mexico, with insurance premiums trending upward.
Economic momentum is limited, with the local economy primarily supported by agriculture, small-scale tourism, and government services.
Property taxes are assessed at the county level in San Miguel County, with rates influenced by local school district levies and state-mandated caps.
Commuting is primarily by private vehicle, with residents traveling to Las Vegas, NM, for employment and essential services.
The area offers access to outdoor recreation including hiking and fishing in the nearby Sangre de Cristo Mountains and Santa Fe National Forest.
The rental market is small and tight, with limited inventory and a mix of long-term housing and occasional short-term vacation rentals.
The economy is anchored by local government, education, and agricultural activities in the surrounding San Miguel County region.
Public transit is not available; the area relies entirely on highway access via NM-65 and I-25 for regional connectivity.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The San Miguel County Assessor manages property valuations, with assessments typically updated on a cyclical basis.
Parcels are subject to local school district taxes and county-wide emergency service levies.
Property insurance costs are rising due to increased wildfire risk assessments across Northern New Mexico.
New Mexico has seen modest net domestic migration, with rural areas like San Miguel experiencing stable population levels.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known material defects.
Data retrieved from data.census.gov for ZCTA 87712.
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 extensive hiking, camping, and outdoor access.
A key natural feature supporting local wildlife and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.