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Prewitt, NM—87045

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$111,000
N/A
Household Income
$19,900
12.3% YoY Growth
Days on Market
159
30.0% Shorter YoY
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Prewitt, NM

Prewitt, NM lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
N/AN/A
Single Family N/AN/A
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    13.1%
    1 Bedroom
    5.2%
    2 Bedrooms
    24.0%
    3 Bedrooms
    53.0%
    4 Bedrooms
    2.9%
    5+ Bedrooms
    1.8%

    Rental Trends — Prewitt, NM

    Prewitt, NM lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    21.9%
    2 Bedrooms
    6.2%
    3 Bedrooms
    31.2%
    4 Bedrooms
    15.6%
    5+ Bedrooms
    25.0%

    Property Listings — Prewitt, NM

    As of May '26, Realtor.com reports that the median days on market for a home in Prewitt, NM is 159. This is a decrease of -30.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$111,00088.0%
    Listing Count
    		450.0%
    Listings as % of HomesN/A50.0%
    Days on Market
    		159-30.0%
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    Demographics — Prewitt, NM

    As of the latest ACS Survey released in 2023, Prewitt, NM has a population of 2,440, which has increased by 38.1% over the past 5 years. Prewitt, NM is a popular place for families, as children make up 37.9% of the population. The area has a poorly educated workforce, with 3.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,44038.1%
    % Under 18
    		37.9%36.8%
    % Seniors
    		8.7%-47.6%
    % WFH
    		11.5%62.0%
    % w/ College Degree
    		3.0%50.0%
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    Prewitt, NM lacks sufficient race and ethnicity data for analysis.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		0.2%-91.7%
    % Black
    		0.0%N/A
    % Hispanic
    		0.9%-71.9%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.0%N/A
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    Mortgage and Risk — Prewitt, NM

    According to HUD data as of 2023, there were 2 mortgage originations in Prewitt, NM, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 104.0%, with 100.0% above 90% LTV (very high). This implies large mortgage risk in Prewitt, NM. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		2
    % Conventional Loans
    		50.0%
    % Government Loans
    		50.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		0.0%
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    Rentals and Section 8 — Prewitt, NM

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

    Section 8 Market Size

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

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$780
    2 BedroomN/AN/A$930
    3 BedroomN/AN/A$1,150
    4 BedroomN/AN/A$1,240

    Affordability — Prewitt, NM

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home PriceN/A
    Median Household Income$19,900

    Prewitt, NM — ZIP Code Boundary Map

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    Nearby ZIP Codes

    North Chaves, NM

    87323

    Toltec

    87021

    Gonzales, NM

    87312

    Grants, NM

    87020

    San Rafael

    87051

    Frequently Asked Questions