Basin—81423
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Basin
As of Oct '25, the median home price in Basin is $470,000, with a year-over-year change of -1.0%. This indicates that home prices in Basin are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $470,000 | -1.0% |
| Single Family | $471,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $439,000 | -4.4% |
3 Bed | $460,000 | -0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Basin
Basin lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Basin
As of Oct '25, Realtor.com reports that the median days on market for a home in Basin is 105. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $672,000 | 16.0% |
Listing Count | 23 | -30.0% |
| Listings as % of Homes | 2.0% | -30.0% |
Days on Market | 105 | -11.0% |
Demographics — Basin
As of the latest ACS Survey released in 2023, Basin has a population of 1,460, which has decreased by -16.5% over the past 5 years. Basin is a less popular place for families, as children make up 14.9% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,460 | -16.5% |
% Under 18 | 14.9% | -34.9% |
% Seniors | 30.6% | 142.9% |
% WFH | 19.3% | 46.2% |
% w/ College Degree | 38.8% | 19.4% |
As of the latest ACS Survey released in 2023, Basin is a predominantly white area, with 84.2% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Basin is hispanic, making up 13.1% of the population. Foreign-born residents account for 4.7% of the population in Basin, and this percentage has increased by 23.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.2% | -7.0% |
% Black | 0.0% | N/A |
% Hispanic | 13.1% | 48.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.7% | 23.7% |
Mortgage and Risk — Basin
According to HUD data as of 2023, there were 19 mortgage originations in Basin, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Basin. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 19 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Basin
Basin lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,330 |
| 2 Bedroom | N/A | N/A | $1,750 |
| 3 Bedroom | N/A | N/A | $2,110 |
| 4 Bedroom | N/A | N/A | $2,810 |
Affordability — Basin
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $470,000 |
| Median Household Income | $61,300 |