Waterflow, NM—87416
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Waterflow, NM
Home Price Trends — Waterflow, NM
As of Oct '25, the median home price in Waterflow, NM is $255,000, with a year-over-year change of -0.9%. This indicates that home prices in Waterflow, NM are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | -0.9% |
| Single Family | $255,000 | -0.8% |
| 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 | $273,000 | 1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waterflow, NM
Waterflow, NM 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 |
% of Rental Stock
Property Listings — Waterflow, NM
Waterflow, NM 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 |
Demographics — Waterflow, NM
As of the latest ACS Survey released in 2023, Waterflow, NM has a population of 4,350, which has decreased by -19.2% over the past 5 years. Waterflow, NM is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 12.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,350 | -19.2% |
% Under 18 | 20.6% | -28.2% |
% Seniors | 16.9% | 61.0% |
% WFH | 5.0% | 194.1% |
% w/ College Degree | 12.9% | 38.7% |
As of the latest ACS Survey released in 2023, Waterflow, NM is a predominantly hispanic area, with 4.4% of the population identifying as hispanic. The hispanic population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Waterflow, NM is white, making up 4.2% of the population. Foreign-born residents account for 1.8% of the population in Waterflow, NM, and this percentage has increased by 1700.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 4.2% | -61.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.4% | -6.4% |
% Asian | 0.6% | ∞% |
% Foreign Born | 1.8% | 1,700.0% |
Mortgage and Risk — Waterflow, NM
According to HUD data as of 2023, there were 11 mortgage originations in Waterflow, NM, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Waterflow, NM. Investor activity is low, as 9.0% of loans were by investors. 45.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 11 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 45.0% |
Loan Activity
Rentals and Section 8 — Waterflow, NM
Waterflow, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,640 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Waterflow, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $255,000 |
| Median Household Income | $41,900 |