La Plata, NM 87418 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

La Plata, NM—87418

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$304,000

3.6% YoY Growth

Household Income

$67,400

14.8% YoY Growth

Days on Market

117

33.0% Longer YoY

Home Price Forecast

2.8%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — La Plata, NM

As of Dec '25, the median home price in La Plata, NM is $304,000, with a year-over-year change of 3.6%. This indicates that home prices in La Plata, NM are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$304,000	3.6%
Single Family	$304,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

3 Bedrooms

92.3%

4 Bedrooms

7.7%

Property Listings — La Plata, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in La Plata, NM is 78. This is a decrease of -10.0% 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	$399,000	9.0%
Listing Count	4	-14.0%
Listings as % of Homes	0.7%	-14.0%
Days on Market	117	33.0%

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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%

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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%

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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%

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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

La Plata, NM—87418

Key Metrics at a Glance

Home Price Trends — La Plata, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — La Plata, NM

% of Rental Stock

Property Listings — La Plata, NM

Demographics — La Plata, NM

Race and Ethnicity

Mortgage and Risk — La Plata, NM

Mortgages

Rentals and Section 8 — La Plata, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — La Plata, NM

Home Price to Income Ratio

La Plata, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Aztec, NM

Farmington, NM

Hesperus, CO

Farmington, NM

Aztec, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$304,000
Median Household Income	$67,400

La Plata, NM—87418

Key Metrics at a Glance

Home Price Trends — La Plata, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — La Plata, NM

% of Rental Stock

Property Listings — La Plata, NM

Demographics — La Plata, NM

Race and Ethnicity

Mortgage and Risk — La Plata, NM

Mortgages

Rentals and Section 8 — La Plata, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — La Plata, NM

Home Price to Income Ratio

La Plata, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Aztec, NM

Farmington, NM

Hesperus, CO

Farmington, NM

Aztec, NM

Frequently Asked Questions

What is the average home price in La Plata, NM 87418?

How have home prices in La Plata, NM 87418 changed over the past year?

What is the home price projection for La Plata, NM 87418?

What are the demographics of La Plata, NM 87418?

How long does it take homes to sell in La Plata, NM 87418?

What is the average rent price in La Plata, NM 87418?