Bread Springs 87305 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bread Springs—87305

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

N/A

Household Income

$47,700

121.9% YoY Growth

Days on Market

N/A

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Bread Springs

Bread Springs lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Bread Springs

Bread Springs 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

Studio

52.9%

2 Bedrooms

35.3%

3 Bedrooms

11.8%

Property Listings — Bread Springs

Bread Springs lacks sufficient listing trend data for analysis.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	N/A	N/A
Listing Count	N/A	N/A
Listings as % of Homes	N/A	N/A
Days on Market	N/A	N/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.

Metric	Latest Census	YoY % 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$800
2 Bedroom	N/A	N/A	$950
3 Bedroom	N/A	N/A	$1,170
4 Bedroom	N/A	N/A	$1,260

Bread Springs—87305

Key Metrics at a Glance

Home Price Trends — Bread Springs

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bread Springs

% of Rental Stock

Property Listings — Bread Springs

Demographics — Bread Springs

Race and Ethnicity

Mortgage and Risk — Bread Springs

Mortgages

Rentals and Section 8 — Bread Springs

Section 8 Market Size

Section 8 Opportunity

Affordability — Bread Springs

Home Price to Income Ratio

Bread Springs — ZIP Code Boundary Map

Nearby ZIP Codes

Sundance

Gallup, NM

Gamerco, NM

Chi Chil Tah

Fort Wingate

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$47,700

Bread Springs—87305

Key Metrics at a Glance

Home Price Trends — Bread Springs

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bread Springs

% of Rental Stock

Property Listings — Bread Springs

Demographics — Bread Springs

Race and Ethnicity

Mortgage and Risk — Bread Springs

Mortgages

Rentals and Section 8 — Bread Springs

Section 8 Market Size

Section 8 Opportunity

Affordability — Bread Springs

Home Price to Income Ratio

Bread Springs — ZIP Code Boundary Map

Nearby ZIP Codes

Sundance

Gallup, NM

Gamerco, NM

Chi Chil Tah

Fort Wingate

Frequently Asked Questions

What is the average home price in Bread Springs 87305?

How have home prices in Bread Springs 87305 changed over the past year?

What is the home price projection for Bread Springs 87305?

What are the demographics of Bread Springs 87305?

How long does it take homes to sell in Bread Springs 87305?

What is the average rent price in Bread Springs 87305?