Los Lunas, NM—87031
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Los Lunas, NM
Home Price Trends — Los Lunas, NM
As of Oct '25, the median home price in Los Lunas, NM is $316,000, with a year-over-year change of 1.6%. This indicates that home prices in Los Lunas, NM are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | 1.6% |
| Single Family | $316,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $277,000 | 1.1% |
3 Bed | $306,000 | 1.3% |
4 Bed | $368,000 | 0.3% |
| 5 Bed | $415,000 | 0.0% |
% of Housing Stock
Rental Trends — Los Lunas, NM
As of July '25, Rentcast reports the average rent in Los Lunas, NM is $2,040, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Los Lunas, NM is 1-bedrooms: $1,200, 2-bedrooms: $1,870, 3-bedrooms: $1,990, 4-bedrooms: $2,200. The most common rental property sizes in Los Lunas, NM are 3-bedroom and 2-bedroom, accounting for 45.1% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $1,200 |
| 2 Bed Rent | $1,800 | $1,870 |
| 3 Bed Rent | $2,000 | $1,990 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Los Lunas, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Los Lunas, NM is 75. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | -3.0% |
Listing Count | 192 | -1.0% |
| Listings as % of Homes | 1.1% | -1.0% |
Days on Market | 75 | 6.0% |
Demographics — Los Lunas, NM
As of the latest ACS Survey released in 2023, Los Lunas, NM has a population of 46,200, which has increased by 4.0% over the past 5 years. Los Lunas, NM is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,200 | 4.0% |
% Under 18 | 25.0% | -1.2% |
% Seniors | 16.5% | 14.6% |
% WFH | 8.7% | 148.6% |
% w/ College Degree | 21.4% | 30.5% |
As of the latest ACS Survey released in 2023, Los Lunas, NM is a predominantly hispanic area, with 63.2% of the population identifying as hispanic. The hispanic population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Los Lunas, NM is white, making up 30.2% of the population. Foreign-born residents account for 8.2% of the population in Los Lunas, NM, and this percentage has decreased by 15.5% 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 | 30.2% | -2.3% |
% Black | 1.6% | 14.3% |
% Hispanic | 63.2% | -1.2% |
% Asian | 0.7% | -22.2% |
% Foreign Born | 8.2% | -15.5% |
Mortgage and Risk — Los Lunas, NM
According to HUD data as of 2023, there were 1105 mortgage originations in Los Lunas, NM, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Los Lunas, NM. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,105 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Los Lunas, NM
As of 2024, the percent of homes in Los Lunas, NM under the Section 8 program is 7.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Los Lunas, NM, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 206 |
Total Units Section 8 | 206 |
% Rentals under Section 8 | 7.0% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $900 | $1,150 |
| 2 Bedroom | -$390 | $1,800 | $1,410 |
| 3 Bedroom | -$20 | $2,000 | $1,980 |
| 4 Bedroom | $140 | $2,200 | $2,340 |
Affordability — Los Lunas, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $316,000 |
| Median Household Income | $61,900 |