Tijeras, NM—87059
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tijeras, NM
As of Oct '25, the median home price in Tijeras, NM is $432,000, with a year-over-year change of 2.2%. This indicates that home prices in Tijeras, NM are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $432,000 | 2.2% |
| Single Family | $433,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $204,000 | 0.0% |
2 Bed | $300,000 | 0.3% |
3 Bed | $433,000 | 1.9% |
4 Bed | $572,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tijeras, NM
As of July '25, Rentcast reports the average rent in Tijeras, NM is $1,950, with a year-over-year rent change of -17.0%. Per bedroom, the median rent as of July '25 in Tijeras, NM is 1-bedrooms: $1,550, 2-bedrooms: $1,400, 4-bedrooms: $2,900. The most common rental property sizes in Tijeras, NM are 2-bedroom and 3-bedroom, accounting for 47.4% and 43.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,550 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,900 | $2,900 |
% of Rental Stock
Property Listings — Tijeras, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Tijeras, NM is 82. 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $592,000 | 2.0% |
Listing Count | 50 | 12.0% |
| Listings as % of Homes | 0.3% | 12.0% |
Days on Market | 82 | 12.0% |
Demographics — Tijeras, NM
As of the latest ACS Survey released in 2023, Tijeras, NM has a population of 10,000, which has decreased by -2.7% over the past 5 years. Tijeras, NM is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 41.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,000 | -2.7% |
% Under 18 | 18.2% | 14.5% |
% Seniors | 25.8% | 30.3% |
% WFH | 17.8% | 154.3% |
% w/ College Degree | 41.3% | -5.9% |
As of the latest ACS Survey released in 2023, Tijeras, NM is a predominantly white area, with 64.4% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Tijeras, NM is hispanic, making up 27.7% of the population. Foreign-born residents account for 3.7% of the population in Tijeras, NM, and this percentage has decreased by 11.9% 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 | 64.4% | -8.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 27.7% | 29.4% |
% Asian | 1.2% | -65.7% |
% Foreign Born | 3.7% | -11.9% |
Mortgage and Risk — Tijeras, NM
According to HUD data as of 2023, there were 292 mortgage originations in Tijeras, NM, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Tijeras, 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 | 292 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Tijeras, NM
Tijeras, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$450 | $1,550 | $1,100 |
| 2 Bedroom | -$70 | $1,400 | $1,330 |
| 3 Bedroom | N/A | N/A | $1,850 |
| 4 Bedroom | -$680 | $2,900 | $2,220 |
Affordability — Tijeras, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $432,000 |
| Median Household Income | $89,300 |