The story of this market
The typical home in ZIP 88118 sells for about $135,000, or $112 per square foot.
Prices are up +3.8% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 88118 — Floyd
The housing market in 88118 is characterized by low inventory and slow turnover, typical of a rural, agricultural-based economy. Prices have seen modest, steady growth over the last decade, driven by limited supply rather than high demand. The market remains stable with no significant development or economic shifts currently impacting the area.
This ZIP is best suited for those seeking a quiet, rural lifestyle, agricultural operators, or retirees looking for affordability away from major metropolitan areas.
Median prices moved up 3.8% year over year.
Homes spend a median of 84 days on market with 6.0 months of supply — a balanced-paced market.
8% 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 5.2% · poverty 16.5% — 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 5.3%/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 3.7%/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 88118, De Baca County NM
Crime rates in this rural area are generally low, with property crime being the primary concern; regional comparisons indicate lower violent crime rates than urban centers in New Mexico.
Schools serving this area are part of the Fort Sumner Municipal School District, which provides a small-town educational environment with limited extracurricular offerings compared to larger districts.
The area faces moderate wildfire risk and occasional high-wind events, typical of the high plains environment; flood risk is generally low outside of immediate drainage areas.
Economic momentum is limited, with the local economy primarily driven by agriculture and ranching; there is minimal new commercial or residential development activity.
Property taxes are assessed by De Baca County based on state-mandated valuation cycles; there are no significant special district taxes like MUDs or PIDs reported for this rural ZIP.
Commutes are primarily local or involve long-distance travel to regional hubs like Clovis or Roswell, as there is no public transit infrastructure.
Recreational opportunities are centered on outdoor activities such as hunting, fishing at nearby reservoirs, and local community parks.
The rental market is very thin with low turnover and limited inventory, primarily serving local workers and agricultural staff.
The economy is heavily reliant on the agricultural sector, including cattle ranching and crop production, with limited diversification.
Transportation is entirely dependent on private vehicles, with US Highway 60 and 84 serving as the primary corridors.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The De Baca County Assessor manages property valuations, typically following state-level guidelines for agricultural and residential land.
Parcels are served by the Fort Sumner Municipal School District and local county-level utility and emergency service districts.
Property insurance availability is stable, though premiums are influenced by regional wildfire and wind risk factors.
Net domestic migration is generally flat or slightly negative, consistent with rural trends in eastern New Mexico.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process.
New Mexico requires sellers to provide a property disclosure statement covering known material defects.
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.
Provides boating, fishing, and camping opportunities for the region.
Significant historical site related to the Bosque Redondo reservation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.