Gascon, NM—87732

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$795,000
N/A
Median Household Income
$66,100
126.6% 5-Year Growth
Days on Market
47
74.0% Shorter than last year
Home Price Forecast
N/A
Median 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

Property Listings — Gascon, NM

As of Oct '25, Realtor.com reports that the median days on market for a home in Gascon, NM is 47. This is a decrease of -74.0% 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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$795,000215.0%
Listing Count
3167.0%
Listings as % of HomesN/A167.0%
Days on Market
47-74.0%
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Demographics — Gascon, NM

As of the latest ACS Survey released in 2023, Gascon, NM has a population of 969, which has decreased by -36.7% over the past 5 years. Gascon, NM is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.6% reporting working from home.

MetricLatest CensusYoY % Change
Population
969-36.7%
% Under 18
25.0%55.3%
% Seniors
29.6%45.1%
% WFH
28.6%673.0%
% w/ College Degree
28.9%92.7%
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As of the latest ACS Survey released in 2023, Gascon, NM is a predominantly hispanic area, with 80.7% of the population identifying as hispanic. The hispanic population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Gascon, NM is white, making up 15.6% of the population. Foreign-born residents account for 0.0% of the population in Gascon, NM, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
15.6%17.3%
% Black
0.0%N/A
% Hispanic
80.7%4.4%
% Asian
0.0%N/A
% Foreign Born
0.0%-100.0%
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Mortgage and Risk — Gascon, NM

According to HUD data as of 2023, there were 10 mortgage originations in Gascon, NM, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Gascon, 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

MetricZip Code Average
Total Loan Originations
10
% Conventional Loans
90.0%
% Government Loans
10.0%
% Investor Loans
0.0%
% Second Loans
20.0%
% Cash Out Refinance
10.0%

Loan Activity

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Rentals and Section 8 — Gascon, NM

Gascon, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
7
Total Units Section 8
7
% Rentals under Section 8
N/A
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$760
2 BedroomN/AN/A$930
3 BedroomN/AN/A$1,270
4 BedroomN/AN/A$1,560

Affordability — Gascon, NM

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income RatioN/A
Median Home PriceN/A
Median Household Income$66,100

Gascon, NM — ZIP Code Boundary Map

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Nearby ZIP Codes

Rociada, NM

87742

Vallecitos, NM

87715

Holman, NM

87723

Sipapu, NM

87579

Llano Largo

87543

Frequently Asked Questions