The story of this market
The typical home in ZIP 87732 sells for about $267,525, or $158 per square foot.
Prices are up +2.1% 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 $1,150 a month.
ZIP 87732 — Mora
The housing market in 87732 is characterized by low inventory and slow turnover, typical of a remote rural area. Prices have seen modest appreciation, but the market remains highly localized with limited sales volume. Buyers are primarily those seeking rural property, and the market is currently stable with no significant development pressure.
This ZIP is best suited for those seeking a rural, quiet lifestyle, including retirees or remote workers who prioritize outdoor access over proximity to urban employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 120 days on market with 8.5 months of supply — a slower-moving market.
12% 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 7.2% · poverty 21.0% — 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 7.0%/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 5.0%/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 87732, Mora County NM
Crime rates in the Mora area are generally low compared to national averages, with property crime being the primary concern in this rural setting.
Schools serving the area are part of the Mora Independent School District, which faces challenges typical of rural, low-density districts in New Mexico.
The area faces moderate wildfire risk due to surrounding forest lands and occasional flood risks near the Mora River valley.
Economic momentum is limited, with the local economy primarily driven by agriculture, small-scale tourism, and public sector employment.
Property taxes are administered at the county level in Mora County, with rates influenced by local school district levies and state-mandated assessment caps.
Commuting is primarily by private vehicle, with long drive times to larger employment hubs like Las Vegas, NM or Santa Fe.
The area offers significant outdoor recreation including access to the Sangre de Cristo Mountains, fishing in the Mora River, and proximity to hiking trails.
The rental market is thin with limited inventory, primarily consisting of single-family homes and some seasonal or short-term rental activity.
The economy is largely agricultural and rural-service based, with limited industrial or corporate presence.
Public transit is non-existent; residents rely entirely on personal vehicles for transportation.
There are no major large-scale commercial or residential developments currently in the pipeline for this ZIP.
The Mora County Assessor manages property valuations, which are updated periodically based on market sales data.
Parcels are subject to Mora County property taxes and the Mora Independent School District levy.
Property insurance premiums are rising due to increased wildfire risk in the region.
Data retrieved from US 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.
Provides local fishing and riparian habitat.
A landmark historic structure in the village of Mora.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.