Placitas, NM 87043 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Placitas, NM—87043

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$643,000

0.1% YoY Growth

Household Income

$110,000

49.3% YoY Growth

Days on Market

30.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$2,300

1.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,400

0.4% YoY Growth

3-Bed Rent

$2,300

N/A

Home Price Trends — Placitas, NM

As of Dec '25, the median home price in Placitas, NM is $643,000, with a year-over-year change of 0.1%. This indicates that home prices in Placitas, NM are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$643,000	0.1%
Single Family	$644,000	-0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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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 Dec '25, Realtor.com reports that the median days on market for a home in Placitas, NM is 81. This is a increase of 21.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$746,000	-14.0%
Listing Count	63	41.0%
Listings as % of Homes	1.5%	41.0%
Days on Market	99	30.0%

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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%

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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%

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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

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%

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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 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

Placitas, NM—87043

Key Metrics at a Glance

Home Price Trends — Placitas, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Placitas, NM

% of Rental Stock

Property Listings — Placitas, NM

Demographics — Placitas, NM

Race and Ethnicity

Mortgage and Risk — Placitas, NM

Mortgages

Rentals and Section 8 — Placitas, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Placitas, NM

Home Price to Income Ratio

Placitas, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Ventana Ranch, Albuquerque, NM

San Felipe Pueblo, NM

Cedar Crest, NM

West Albuquerque, Albuquerque, NM

Near North Valley, Albuquerque, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.5
Median Home Price	$643,000
Median Household Income	$110,000

Placitas, NM—87043

Key Metrics at a Glance

Home Price Trends — Placitas, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Placitas, NM

% of Rental Stock

Property Listings — Placitas, NM

Demographics — Placitas, NM

Race and Ethnicity

Mortgage and Risk — Placitas, NM

Mortgages

Rentals and Section 8 — Placitas, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Placitas, NM

Home Price to Income Ratio

Placitas, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Ventana Ranch, Albuquerque, NM

San Felipe Pueblo, NM

Cedar Crest, NM

West Albuquerque, Albuquerque, NM

Near North Valley, Albuquerque, NM

Frequently Asked Questions

What is the average home price in Placitas, NM 87043?

How have home prices in Placitas, NM 87043 changed over the past year?

What is the home price projection for Placitas, NM 87043?

What are the demographics of Placitas, NM 87043?

How long does it take homes to sell in Placitas, NM 87043?

What is the average rent price in Placitas, NM 87043?