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  4. /Placitas, NM - 87043

Placitas, NM—87043

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$647,000
2.4% YoY Growth
Household Income
$110,000
49.3% YoY Growth
Days on Market
82
41.0% Longer YoY
Home Price Forecast
1.7%
Median Rent
$2,300
1.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$2,400
0.4% YoY Growth
3-Bed Rent
$2,300
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Placitas, NM

As of May '26, the median home price in Placitas, NM is $647,000, with a year-over-year change of -2.4%. This indicates that home prices in Placitas, NM are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$647,000-2.4%
Single Family $647,000-2.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$431,000-1.1%
    3 Bed
    		$646,000-2.4%
    4 Bed
    		$773,000-2.4%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    6.3%
    2 Bedrooms
    11.9%
    3 Bedrooms
    65.5%
    4 Bedrooms
    13.2%
    5+ Bedrooms
    3.2%

    Rental Trends — Placitas, NM

    As of July '25, Rentcast reports the average rent in Placitas, NM is $2,350, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Placitas, NM is 2-bedrooms: $2,400, 3-bedrooms: $2,300. The most common rental property sizes in Placitas, NM are 3-bedroom and 2-bedroom, accounting for 45.9% and 40.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,300$2,350
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $2,400$2,400
    3 Bed Rent $2,300$2,300
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    6.0%
    2 Bedrooms
    40.4%
    3 Bedrooms
    45.9%
    4 Bedrooms
    7.7%

    Property Listings — Placitas, NM

    As of May '26, Realtor.com reports that the median days on market for a home in Placitas, NM is 82. This is a increase of 41.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$852,000-9.0%
    Listing Count
    		52-1.0%
    Listings as % of Homes1.5%-1.0%
    Days on Market
    		8241.0%
    Loading chart...

    Demographics — Placitas, NM

    As of the latest ACS Survey released in 2023, Placitas, NM has a population of 4,380, which has decreased by -2.7% over the past 5 years. Placitas, NM is a less popular place for families, as children make up 5.5% of the population. The area has a highly educated workforce, with 60.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,380-2.7%
    % Under 18
    		5.5%-23.6%
    % Seniors
    		45.6%19.4%
    % WFH
    		32.6%216.5%
    % w/ College Degree
    		60.2%13.6%
    Loading chart...

    As of the latest ACS Survey released in 2023, Placitas, NM is a predominantly white area, with 74.2% of the population identifying as white. The white population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Placitas, NM is hispanic, making up 15.2% of the population. Foreign-born residents account for 4.8% of the population in Placitas, NM, and this percentage has decreased by 11.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		74.2%1.6%
    % Black
    		0.0%N/A
    % Hispanic
    		15.2%-29.0%
    % Asian
    		1.5%150.0%
    % Foreign Born
    		4.8%-11.1%
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    Mortgage and Risk — Placitas, NM

    According to HUD data as of 2023, there were 163 mortgage originations in Placitas, NM, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Placitas, NM. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		163
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		14.0%
    Loading chart...
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    Rentals and Section 8 — Placitas, NM

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

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		0.5%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,470
    2 Bedroom-$600$2,400$1,800
    3 Bedroom$220$2,300$2,520
    4 BedroomN/AN/A$2,990

    Affordability — Placitas, NM

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.6
    Median Home Price$647,000
    Median Household Income$110,000

    Placitas, NM — ZIP Code Boundary Map

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    Frequently Asked Questions