Bloomfield, NM—87413
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bloomfield, NM
As of Oct '25, the median home price in Bloomfield, NM is $233,000, with a year-over-year change of 1.9%. This indicates that home prices in Bloomfield, 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 | $233,000 | 1.9% |
| Single Family | $233,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | 6.9% |
3 Bed | $270,000 | 5.1% |
4 Bed | $332,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $1,300 |
| 3 Bed Rent | $1,800 | $1,530 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bloomfield, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Bloomfield, NM is 60. This is a increase of 50.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $383,000 | -4.0% |
Listing Count | 23 | -12.0% |
| Listings as % of Homes | 0.3% | -12.0% |
Days on Market | 60 | 50.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $50 | $900 | $950 |
| 3 Bedroom | -$470 | $1,800 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Bloomfield, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $233,000 |
| Median Household Income | $51,200 |