Santa Cruz, NM—87522
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Santa Cruz, NM
Home Price Trends — Santa Cruz, NM
As of Oct '25, the median home price in Santa Cruz, NM is $303,000, with a year-over-year change of -1.4%. This indicates that home prices in Santa Cruz, NM are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $303,000 | -1.4% |
| Single Family | $303,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $274,000 | 0.4% |
3 Bed | $347,000 | 1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Santa Cruz, NM
Santa Cruz, 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 — Santa Cruz, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Santa Cruz, NM is 89. This is a decrease of -39.0% 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 | $350,000 | -20.0% |
Listing Count | 8 | 14.0% |
| Listings as % of Homes | 0.2% | 14.0% |
Days on Market | 89 | -39.0% |
Demographics — Santa Cruz, NM
As of the latest ACS Survey released in 2023, Santa Cruz, NM has a population of 2,940, which has increased by 11.4% over the past 5 years. Santa Cruz, NM is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 11.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,940 | 11.4% |
% Under 18 | 20.2% | -10.6% |
% Seniors | 18.4% | 40.5% |
% WFH | 14.0% | N/A |
% w/ College Degree | 11.7% | -38.7% |
As of the latest ACS Survey released in 2023, Santa Cruz, NM is a predominantly hispanic area, with 96.0% of the population identifying as hispanic. The hispanic population has grown by 14.1% in the last 5 years. The second most common race or ethnicity in Santa Cruz, NM is white, making up 3.8% of the population. Foreign-born residents account for 0.9% of the population in Santa Cruz, NM, and this percentage has increased by Inf% 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 | 3.8% | -62.7% |
% Black | 0.0% | N/A |
% Hispanic | 96.0% | 14.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.9% | ∞% |
Mortgage and Risk — Santa Cruz, NM
According to HUD data as of 2023, there were 15 mortgage originations in Santa Cruz, NM, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Santa Cruz, NM. Investor activity is low, as 0.0% of loans were by investors. 40.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 15 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 40.0% |
Loan Activity
Rentals and Section 8 — Santa Cruz, NM
Santa Cruz, 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 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,190 |
| 2 Bedroom | N/A | N/A | $1,390 |
| 3 Bedroom | N/A | N/A | $1,780 |
| 4 Bedroom | N/A | N/A | $1,850 |
Affordability — Santa Cruz, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $303,000 |
| Median Household Income | $54,600 |