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Bloomfield, NM—87413

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$237,000
2.6% YoY Growth
Household Income
$51,200
1.9% YoY Growth
Days on Market
60
30.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$900
25.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$900
41.6% YoY Growth
3-Bed Rent
$1,800
5.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bloomfield, NM

As of Dec '25, the median home price in Bloomfield, NM is $237,000, with a year-over-year change of 2.6%. This indicates that home prices in Bloomfield, NM are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$237,0002.6%
Single Family $238,0003.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$190,0008.0%
    3 Bed
    		$274,0006.2%
    4 Bed
    		$336,0005.7%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.1%
    1 Bedroom
    8.6%
    2 Bedrooms
    22.4%
    3 Bedrooms
    47.2%
    4 Bedrooms
    16.2%
    5+ Bedrooms
    2.6%

    Rental Trends — Bloomfield, NM

    As of July '25, Rentcast reports the average rent in Bloomfield, NM is $1,420, with a year-over-year rent change of 25.7%. Per bedroom, the median rent as of July '25 in Bloomfield, NM is 2-bedrooms: $1,300, 3-bedrooms: $1,530. The most common rental property sizes in Bloomfield, NM are 3-bedroom and 2-bedroom, accounting for 39.2% and 26.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$900$1,420
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $900$1,300
    3 Bed Rent $1,800$1,530
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    4.3%
    1 Bedroom
    19.8%
    2 Bedrooms
    26.0%
    3 Bedrooms
    39.2%
    4 Bedrooms
    10.8%

    Property Listings — Bloomfield, NM

    As of Dec '25, Realtor.com reports that the median days on market for a home in Bloomfield, NM is 73. This is a increase of 52.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$382,000-4.0%
    Listing Count
    		23-18.0%
    Listings as % of Homes0.3%-18.0%
    Days on Market
    		6030.0%
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    Demographics — Bloomfield, NM

    As of the latest ACS Survey released in 2023, Bloomfield, NM has a population of 15,000, which has decreased by -11.7% over the past 5 years. Bloomfield, NM is a popular place for families, as children make up 30.0% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		15,000-11.7%
    % Under 18
    		30.0%4.5%
    % Seniors
    		16.5%17.9%
    % WFH
    		5.8%190.0%
    % w/ College Degree
    		13.7%22.3%
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    As of the latest ACS Survey released in 2023, Bloomfield, NM is a predominantly white area, with 42.9% of the population identifying as white. The white population has grown by 11.1% in the last 5 years. The second most common race or ethnicity in Bloomfield, NM is hispanic, making up 34.9% of the population. Foreign-born residents account for 4.3% of the population in Bloomfield, NM, and this percentage has decreased by 21.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		42.9%11.1%
    % Black
    		0.1%-50.0%
    % Hispanic
    		34.9%-4.1%
    % Asian
    		0.5%25.0%
    % Foreign Born
    		4.3%-21.8%
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    Mortgage and Risk — Bloomfield, NM

    According to HUD data as of 2023, there were 142 mortgage originations in Bloomfield, NM, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Bloomfield, NM. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		142
    % Conventional Loans
    		63.0%
    % Government Loans
    		37.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Bloomfield, NM

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

    Section 8 Market Size

    Total Units under HUD
    		44
    Total Units Section 8
    		44
    % Rentals under Section 8
    		3.4%
    % Occupied Section 8
    		69.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$790
    2 Bedroom$50$900$950
    3 Bedroom-$470$1,800$1,330
    4 BedroomN/AN/A$1,440

    Affordability — Bloomfield, NM

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.4
    Median Home Price$237,000
    Median Household Income$51,200

    Bloomfield, NM — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions