La Plata, NM—87418
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Plata, NM
As of Oct '25, the median home price in La Plata, NM is $298,000, with a year-over-year change of 3.2%. This indicates that home prices in La Plata, NM are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 3.2% |
| Single Family | $298,000 | 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 | N/A | N/A |
3 Bed | $327,000 | 4.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — La Plata, NM
La Plata, 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 — La Plata, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in La Plata, NM is 122. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $465,000 | 13.0% |
Listing Count | 4 | 20.0% |
| Listings as % of Homes | 0.7% | 20.0% |
Days on Market | 122 | -19.0% |
Demographics — La Plata, NM
As of the latest ACS Survey released in 2023, La Plata, NM has a population of 947, which has decreased by -1.1% over the past 5 years. La Plata, NM is a less popular place for families, as children make up 14.6% of the population. The area has a moderately educated workforce, with 30.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 947 | -1.1% |
% Under 18 | 14.6% | -21.9% |
% Seniors | 34.7% | 94.9% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 30.8% | 38.1% |
As of the latest ACS Survey released in 2023, La Plata, NM is a predominantly white area, with 65.4% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in La Plata, NM is black, making up 5.1% of the population. Foreign-born residents account for 1.1% of the population in La Plata, NM, and this percentage has decreased by 75.0% 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 | 65.4% | -6.2% |
% Black | 5.1% | ∞% |
% Hispanic | 4.6% | -70.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.1% | -75.0% |
Mortgage and Risk — La Plata, NM
According to HUD data as of 2023, there were 30 mortgage originations in La Plata, NM, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in La Plata, NM. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — La Plata, NM
La Plata, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $920 |
| 2 Bedroom | N/A | N/A | $1,150 |
| 3 Bedroom | N/A | N/A | $1,530 |
| 4 Bedroom | N/A | N/A | $1,790 |
Affordability — La Plata, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $298,000 |
| Median Household Income | $67,400 |