El Rito, NM—87556
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in El Rito, NM
Home Price Trends — El Rito, NM
El Rito, NM lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — El Rito, NM
El Rito, 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 — El Rito, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in El Rito, NM is 93. This is a decrease of -11.0% 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 | $316,000 | -18.0% |
Listing Count | 18 | 87.0% |
| Listings as % of Homes | N/A | 87.0% |
Days on Market | 93 | -11.0% |
Demographics — El Rito, NM
As of the latest ACS Survey released in 2023, El Rito, NM has a population of 2,430, which has increased by 2.3% over the past 5 years. El Rito, NM is a moderately popular place for families, as children make up 15.7% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,430 | 2.3% |
% Under 18 | 15.7% | -28.6% |
% Seniors | 30.3% | 18.8% |
% WFH | 19.5% | 134.9% |
% w/ College Degree | 19.5% | -1.5% |
As of the latest ACS Survey released in 2023, El Rito, NM is a predominantly hispanic area, with 72.0% of the population identifying as hispanic. The hispanic population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in El Rito, NM is white, making up 25.8% of the population. Foreign-born residents account for 5.9% of the population in El Rito, NM, and this percentage has increased by 883.3% 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 | 25.8% | -5.5% |
% Black | 0.2% | ∞% |
% Hispanic | 72.0% | -0.7% |
% Asian | 1.6% | ∞% |
% Foreign Born | 5.9% | 883.3% |
Mortgage and Risk — El Rito, NM
According to HUD data as of 2023, there were 29 mortgage originations in El Rito, NM, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in El Rito, NM. Investor activity is low, as 7.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 7.0% |
% Second Loans | 21.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — El Rito, NM
El Rito, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — El Rito, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $45,200 |