Los Lunas, NM 87042 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Los Lunas, NM—87042

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$398,000

6.8% YoY Growth

Household Income

$61,200

19.6% YoY Growth

Days on Market

100

21.0% Longer YoY

Home Price Forecast

2.2%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Other Zip Codes in Los Lunas, NM

87031

Home Price Trends — Los Lunas, NM

As of Dec '25, the median home price in Los Lunas, NM is $398,000, with a year-over-year change of 6.8%. This indicates that home prices in Los Lunas, NM are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$398,000	6.8%
Single Family	$398,000	6.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Los Lunas, NM

Los Lunas, NM 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

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% of Rental Stock

1 Bedroom

9.0%

2 Bedrooms

35.7%

3 Bedrooms

53.8%

4 Bedrooms

1.4%

Property Listings — Los Lunas, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in Los Lunas, NM is 92. This is a increase of 25.0% 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	$796,000	52.0%
Listing Count	9	-15.0%
Listings as % of Homes	0.3%	-15.0%
Days on Market	100	21.0%

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Demographics — Los Lunas, NM

As of the latest ACS Survey released in 2023, Los Lunas, NM has a population of 3,460, which has decreased by -3.4% over the past 5 years. Los Lunas, NM is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,460	-3.4%
% Under 18	26.5%	60.6%
% Seniors	20.1%	17.5%
% WFH	4.8%	433.3%
% w/ College Degree	24.5%	47.6%

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As of the latest ACS Survey released in 2023, Los Lunas, NM is a predominantly hispanic area, with 47.3% of the population identifying as hispanic. The hispanic population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Los Lunas, NM is white, making up 42.8% of the population. Foreign-born residents account for 3.2% of the population in Los Lunas, NM, and this percentage has decreased by 44.8% 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	42.8%	-6.1%
% Black	0.0%	N/A
% Hispanic	47.3%	-6.7%
% Asian	0.8%	-78.4%
% Foreign Born	3.2%	-44.8%

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Mortgage and Risk — Los Lunas, NM

According to HUD data as of 2023, there were 54 mortgage originations in Los Lunas, NM, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	54
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Los Lunas, NM

Los Lunas, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	1.8%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,060
2 Bedroom	N/A	N/A	$1,300
3 Bedroom	N/A	N/A	$1,820
4 Bedroom	N/A	N/A	$2,160

Los Lunas, NM—87042

Key Metrics at a Glance

Other Zip Codes in Los Lunas, NM

Home Price Trends — Los Lunas, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Los Lunas, NM

% of Rental Stock

Property Listings — Los Lunas, NM

Demographics — Los Lunas, NM

Race and Ethnicity

Mortgage and Risk — Los Lunas, NM

Mortgages

Rentals and Section 8 — Los Lunas, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Los Lunas, NM

Home Price to Income Ratio

Los Lunas, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Los Lunas, NM

Isleta Village Proper

Bosque Farms, NM

Southeast Albuquerque, Albuquerque, NM

East Albuquerque, Albuquerque, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.8
Median Home Price	$398,000
Median Household Income	$61,200

Los Lunas, NM—87042

Key Metrics at a Glance

Other Zip Codes in Los Lunas, NM

Home Price Trends — Los Lunas, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Los Lunas, NM

% of Rental Stock

Property Listings — Los Lunas, NM

Demographics — Los Lunas, NM

Race and Ethnicity

Mortgage and Risk — Los Lunas, NM

Mortgages

Rentals and Section 8 — Los Lunas, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Los Lunas, NM

Home Price to Income Ratio

Los Lunas, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Los Lunas, NM

Isleta Village Proper

Bosque Farms, NM

Southeast Albuquerque, Albuquerque, NM

East Albuquerque, Albuquerque, NM

Frequently Asked Questions

What is the average home price in Los Lunas, NM 87042?

How have home prices in Los Lunas, NM 87042 changed over the past year?

What is the home price projection for Los Lunas, NM 87042?

What are the demographics of Los Lunas, NM 87042?

How long does it take homes to sell in Los Lunas, NM 87042?

What is the average rent price in Los Lunas, NM 87042?