The story of this market
The typical home in ZIP 88434 sells for about $82,200, or $68 per square foot.
Prices are up +2.1% 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 $752 a month.
ZIP 88434 — San Jon
The housing market in 88434 is characterized by low inventory and modest price growth, reflecting the stable but slow-growing nature of the local economy. Sales volume remains low, and the market is primarily driven by local demand rather than speculative investment. No major new developments are currently impacting the market, keeping conditions steady.
This area is best suited for retirees or those seeking a low-cost, rural lifestyle; it is less suitable for commuters or those requiring high-density urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 112 days on market with 6.4 months of supply — a slower-moving market.
12% 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 6.2% · poverty 25.4% — 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 2.1%/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 2.6%/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 88434, Quay County NM
Not determinable at the ZIP level; regional crime data for Quay County is generally low but specific ZCTA-level reporting is not available.
Schools serving the area are part of the Tucumcari Public Schools district, which faces challenges typical of rural New Mexico districts regarding funding and student performance.
The area is subject to high wind events and occasional severe thunderstorms; flood risk is generally low but varies by specific parcel location.
Economic momentum is limited, with the area relying heavily on agriculture, tourism, and regional services; no major corporate developments are currently reported.
Property taxes are assessed by the Quay County Assessor; the area is subject to standard New Mexico property tax levies with no specific MUD/PID districts reported.
Commutes are primarily local within the Tucumcari area; the ZIP is rural with limited public transit options.
Amenities include local parks in Tucumcari and proximity to Conchas Lake State Park for outdoor recreation.
The rental market is characterized by low inventory and limited turnover, with most stock consisting of older single-family homes.
The economy is driven by agriculture, tourism along the Route 66 corridor, and local government services.
Transportation is dominated by private vehicle use along I-40; no significant public transit infrastructure exists.
No major large-scale commercial or residential developments are currently approved or under construction.
Quay County Assessor maintains property valuations based on periodic reappraisals as required by state law.
Parcels are served by the Tucumcari Public Schools district and local utility cooperatives.
Property insurance premiums are influenced by regional wildfire and wind risk factors common to eastern New Mexico.
Data retrieved from Census Bureau ZCTA-level tables for Quay County.
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.
- San Jon Village Park4.64.3 mi
- Mesalands Dinosaur Museum and Natural Sciences Laboratory4.718.3 mi
- Tucumcari Historical Museum4.518.3 mi
- Tucumcari Railroad Museum4.418.6 mi
- San Jon Village Park4.64.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional destination for boating and fishing.
Local cultural anchor showcasing regional history.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.