Edgewood, NM—87015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Edgewood, NM
As of Oct '25, the median home price in Edgewood, NM is $370,000, with a year-over-year change of 0.4%. This indicates that home prices in Edgewood, NM are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $370,000 | 0.4% |
| Single Family | $370,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $272,000 | -1.4% |
3 Bed | $380,000 | 0.5% |
4 Bed | $467,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Edgewood, NM
As of July '25, Rentcast reports the average rent in Edgewood, NM is $1,820, with a year-over-year rent change of -14.2%. Per bedroom, the median rent as of July '25 in Edgewood, NM is 1-bedrooms: $800, 3-bedrooms: $2,170. The most common rental property sizes in Edgewood, NM are 3-bedroom and 2-bedroom, accounting for 46.6% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,170 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Edgewood, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Edgewood, NM is 90. This is a increase of 12.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $481,000 | -1.0% |
Listing Count | 55 | 16.0% |
| Listings as % of Homes | 0.3% | 16.0% |
Days on Market | 90 | 12.0% |
Demographics — Edgewood, NM
As of the latest ACS Survey released in 2023, Edgewood, NM has a population of 14,500, which has increased by 12.3% over the past 5 years. Edgewood, NM is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,500 | 12.3% |
% Under 18 | 17.5% | -22.6% |
% Seniors | 23.9% | 51.3% |
% WFH | 13.8% | 7.8% |
% w/ College Degree | 34.0% | 14.9% |
As of the latest ACS Survey released in 2023, Edgewood, NM is a predominantly white area, with 61.6% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Edgewood, NM is hispanic, making up 32.3% of the population. Foreign-born residents account for 3.4% of the population in Edgewood, NM, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.6% | -12.0% |
% Black | 0.7% | 16.7% |
% Hispanic | 32.3% | 21.9% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 3.4% | 0.0% |
Mortgage and Risk — Edgewood, NM
According to HUD data as of 2023, there were 347 mortgage originations in Edgewood, NM, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Edgewood, NM. Investor activity is low, as 1.0% 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 | 347 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Edgewood, NM
Edgewood, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $530 | $800 | $1,330 |
| 2 Bedroom | N/A | N/A | $1,590 |
| 3 Bedroom | $90 | $2,000 | $2,090 |
| 4 Bedroom | N/A | N/A | $2,300 |
Affordability — Edgewood, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $370,000 |
| Median Household Income | $72,700 |