Placitas, NM—87043
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Placitas, NM
As of Oct '25, the median home price in Placitas, NM is $650,000, with a year-over-year change of 0.5%. This indicates that home prices in Placitas, NM are flat. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $650,000 | 0.5% |
| Single Family | $649,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $425,000 | -0.7% |
3 Bed | $649,000 | 0.0% |
4 Bed | $779,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,400 | $2,400 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Placitas, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Placitas, NM is 99. This is a increase of 33.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $770,000 | -4.0% |
Listing Count | 69 | 26.0% |
| Listings as % of Homes | 1.5% | 26.0% |
Days on Market | 99 | 33.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,470 |
| 2 Bedroom | -$600 | $2,400 | $1,800 |
| 3 Bedroom | $220 | $2,300 | $2,520 |
| 4 Bedroom | N/A | N/A | $2,990 |
Affordability — Placitas, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $650,000 |
| Median Household Income | $110,000 |