Los Lunas, NM—87042
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Los Lunas, NM
Home Price Trends — Los Lunas, NM
As of Nov '25, the median home price in Los Lunas, NM is $398,000, with a year-over-year change of 6.8%. This indicates that home prices in Los Lunas, NM are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | 6.8% |
| Single Family | $398,000 | 6.4% |
| 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 | $399,000 | 4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Los Lunas, NM
Los Lunas, 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 — Los Lunas, NM
As of Nov '25, Realtor.com reports that the median days on market for a home in Los Lunas, NM is 92. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer 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 | $847,000 | 41.0% |
Listing Count | 12 | -16.0% |
| Listings as % of Homes | 0.3% | -16.0% |
Days on Market | 92 | 25.0% |
Demographics — Los Lunas, NM
As of the latest ACS Survey released in 2023, Los Lunas, NM has a population of 3,460, which has decreased by -3.4% over the past 5 years. Los Lunas, NM is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,460 | -3.4% |
% Under 18 | 26.5% | 60.6% |
% Seniors | 20.1% | 17.5% |
% WFH | 4.8% | 433.3% |
% w/ College Degree | 24.5% | 47.6% |
As of the latest ACS Survey released in 2023, Los Lunas, NM is a predominantly hispanic area, with 47.3% of the population identifying as hispanic. The hispanic population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Los Lunas, NM is white, making up 42.8% of the population. Foreign-born residents account for 3.2% of the population in Los Lunas, NM, and this percentage has decreased by 44.8% 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 | 42.8% | -6.1% |
% Black | 0.0% | N/A |
% Hispanic | 47.3% | -6.7% |
% Asian | 0.8% | -78.4% |
% Foreign Born | 3.2% | -44.8% |
Mortgage and Risk — Los Lunas, NM
According to HUD data as of 2023, there were 54 mortgage originations in Los Lunas, NM, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Los Lunas, NM. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Los Lunas, NM
Los Lunas, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,060 |
| 2 Bedroom | N/A | N/A | $1,300 |
| 3 Bedroom | N/A | N/A | $1,820 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Los Lunas, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $398,000 |
| Median Household Income | $61,200 |