Bosque Farms, NM—87068
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bosque Farms, NM
As of Oct '25, the median home price in Bosque Farms, NM is $421,000, with a year-over-year change of 7.0%. This indicates that home prices in Bosque Farms, NM are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $421,000 | 7.0% |
| Single Family | $421,000 | 7.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $420,000 | 6.6% |
4 Bed | $491,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bosque Farms, NM
Bosque Farms, NM lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,900 |
| 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 | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Bosque Farms, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Bosque Farms, NM is 108. 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $618,000 | 34.0% |
Listing Count | 11 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 108 | 6.0% |
Demographics — Bosque Farms, NM
As of the latest ACS Survey released in 2023, Bosque Farms, NM has a population of 5,550, which has increased by 13.7% over the past 5 years. Bosque Farms, NM is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,550 | 13.7% |
% Under 18 | 20.3% | -17.8% |
% Seniors | 23.1% | 14.9% |
% WFH | 16.4% | 62.4% |
% w/ College Degree | 24.1% | 5.2% |
As of the latest ACS Survey released in 2023, Bosque Farms, NM is a predominantly hispanic area, with 38.3% of the population identifying as hispanic. The hispanic population has grown by 9.4% in the last 5 years. The second most common race or ethnicity in Bosque Farms, NM is white, making up 30.1% of the population. Foreign-born residents account for 2.7% of the population in Bosque Farms, NM, and this percentage has decreased by 60.3% 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 | 30.1% | -26.0% |
% Black | 0.4% | 100.0% |
% Hispanic | 38.3% | 9.4% |
% Asian | 0.9% | -10.0% |
% Foreign Born | 2.7% | -60.3% |
Mortgage and Risk — Bosque Farms, NM
According to HUD data as of 2023, there were 59 mortgage originations in Bosque Farms, NM, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Bosque Farms, NM. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Bosque Farms, NM
Bosque Farms, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | N/A | N/A | $1,700 |
| 4 Bedroom | $110 | $1,900 | $2,010 |
Affordability — Bosque Farms, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $421,000 |
| Median Household Income | $63,300 |