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Bread Springs—87305

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
N/A
N/A
Household Income
$47,700
121.9% YoY Growth
Days on Market
N/A
N/A
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 — Bread Springs

Bread Springs 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
    20.1%
    1 Bedroom
    12.9%
    2 Bedrooms
    31.5%
    3 Bedrooms
    21.2%
    4 Bedrooms
    8.1%
    5+ Bedrooms
    6.3%

    Rental Trends — Bread Springs

    Bread Springs 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

    Studio
    52.9%
    2 Bedrooms
    35.3%
    3 Bedrooms
    11.8%

    Property Listings — Bread Springs

    Bread Springs lacks sufficient listing trend data for analysis.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		N/AN/A
    Listing Count
    		N/AN/A
    Listings as % of HomesN/AN/A
    Days on Market
    		N/AN/A
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    Demographics — Bread Springs

    As of the latest ACS Survey released in 2023, Bread Springs has a population of 1,840, which has decreased by -46.0% over the past 5 years. Bread Springs is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 6.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,840-46.0%
    % Under 18
    		24.8%13.8%
    % Seniors
    		12.8%43.8%
    % WFH
    		10.1%62.9%
    % w/ College Degree
    		6.0%71.4%
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    As of the latest ACS Survey released in 2023, Bread Springs is a predominantly white area, with 6.1% of the population identifying as white. The white population has grown by 41.9% in the last 5 years. The second most common race or ethnicity in Bread Springs is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.0% of the population in Bread Springs, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		6.1%41.9%
    % Black
    		0.0%-100.0%
    % Hispanic
    		0.9%-77.5%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.0%-100.0%
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    Mortgage and Risk — Bread Springs

    According to HUD data as of 2023, there were 11 mortgage originations in Bread Springs, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Bread Springs. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		11
    % Conventional Loans
    		64.0%
    % Government Loans
    		36.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		9.0%
    % Cash Out Refinance
    		18.0%
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    Rentals and Section 8 — Bread Springs

    Bread Springs lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$800
    2 BedroomN/AN/A$950
    3 BedroomN/AN/A$1,170
    4 BedroomN/AN/A$1,260

    Affordability — Bread Springs

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home PriceN/A
    Median Household Income$47,700

    Bread Springs — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Sundance

    87322

    Gallup, NM

    87301

    Gamerco, NM

    87317

    Chi Chil Tah

    87326

    Fort Wingate

    87316

    Frequently Asked Questions