Cerrillos, NM 87010 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cerrillos, NM—87010

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$385,000

1.7% YoY Growth

Household Income

$45,500

12.9% YoY Growth

Days on Market

150

3.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$1,600

N/A

1-Bed Rent

$1,600

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Cerrillos, NM

As of Dec '25, the median home price in Cerrillos, NM is $385,000, with a year-over-year change of -1.7%. This indicates that home prices in Cerrillos, NM are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$385,000	-1.7%
Single Family	$384,000	-2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cerrillos, NM

Cerrillos, NM lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,600
Studio Rent	N/A	N/A
1 Bed Rent	$1,600	$1,600
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

3.4%

1 Bedroom

50.3%

2 Bedrooms

18.0%

3 Bedrooms

11.8%

4 Bedrooms

16.5%

Property Listings — Cerrillos, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in Cerrillos, NM is 149. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer 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	$688,000	5.0%
Listing Count	16	28.0%
Listings as % of Homes	1.6%	28.0%
Days on Market	150	3.0%

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Demographics — Cerrillos, NM

As of the latest ACS Survey released in 2023, Cerrillos, NM has a population of 1,150, which has increased by 13.6% over the past 5 years. Cerrillos, NM is a less popular place for families, as children make up 10.4% of the population. The area has a highly educated workforce, with 62.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,150	13.6%
% Under 18	10.4%	395.2%
% Seniors	33.9%	-1.7%
% WFH	29.7%	42.8%
% w/ College Degree	62.5%	57.0%

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As of the latest ACS Survey released in 2023, Cerrillos, NM is a predominantly white area, with 88.3% of the population identifying as white. The white population has grown by 11.2% in the last 5 years. The second most common race or ethnicity in Cerrillos, NM is black, making up 2.4% of the population. Foreign-born residents account for 2.4% of the population in Cerrillos, NM, and this percentage has decreased by 54.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	88.3%	11.2%
% Black	2.4%	∞%
% Hispanic	0.8%	-95.8%
% Asian	0.0%	N/A
% Foreign Born	2.4%	-54.7%

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Mortgage and Risk — Cerrillos, NM

According to HUD data as of 2023, there were 35 mortgage originations in Cerrillos, NM, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Cerrillos, NM. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	35
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	6.0%
% Second Loans	3.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Cerrillos, NM

Cerrillos, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	0.3%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$240	$1,600	$1,360
2 Bedroom	N/A	N/A	$1,620
3 Bedroom	N/A	N/A	$2,050
4 Bedroom	N/A	N/A	$2,150

Cerrillos, NM—87010

Key Metrics at a Glance

Home Price Trends — Cerrillos, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cerrillos, NM

% of Rental Stock

Property Listings — Cerrillos, NM

Demographics — Cerrillos, NM

Race and Ethnicity

Mortgage and Risk — Cerrillos, NM

Mortgages

Rentals and Section 8 — Cerrillos, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Cerrillos, NM

Home Price to Income Ratio

Cerrillos, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Sandia Park, NM

Santa Fe, NM

Santa Fe, NM

San Felipe Pueblo, NM

Lamy, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	8.2
Median Home Price	$385,000
Median Household Income	$45,500

Cerrillos, NM—87010

Key Metrics at a Glance

Home Price Trends — Cerrillos, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cerrillos, NM

% of Rental Stock

Property Listings — Cerrillos, NM

Demographics — Cerrillos, NM

Race and Ethnicity

Mortgage and Risk — Cerrillos, NM

Mortgages

Rentals and Section 8 — Cerrillos, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Cerrillos, NM

Home Price to Income Ratio

Cerrillos, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Sandia Park, NM

Santa Fe, NM

Santa Fe, NM

San Felipe Pueblo, NM

Lamy, NM

Frequently Asked Questions

What is the average home price in Cerrillos, NM 87010?

How have home prices in Cerrillos, NM 87010 changed over the past year?

What is the home price projection for Cerrillos, NM 87010?

What are the demographics of Cerrillos, NM 87010?

How long does it take homes to sell in Cerrillos, NM 87010?

What is the average rent price in Cerrillos, NM 87010?