What is the average home price in Waterflow, NM 87421?

As of May '26, the median home price in Waterflow, NM 87421 is $236,000, based on Zillow home estimates.

How have home prices in Waterflow, NM 87421 changed over the past year?

As of May '26, home prices have increased 10.7% over the past year, according to Zillow home estimates data.

What is the home price projection for Waterflow, NM 87421?

As of May '26, Zillow projects home prices in Waterflow, NM 87421 to increase 2.6% in the next year.

What are the demographics of Waterflow, NM 87421?

According to the latest Census, the demographics of Waterflow, NM 87421 are 24.1% White, 0.0% Black, 2.6% Asian, 12.9% Hispanic. The population is 1,590, with 22.9% under 18 years old.

How long does it take homes to sell in Waterflow, NM 87421?

According to Realtor.com, as of May '26, the median home in Waterflow, NM 87421 is on the market for 9 days. This is an increase of 125.0% from last year.

What is the average rent price in Waterflow, NM 87421?

The average rent price in Waterflow, NM 87421, as of the latest data, is N/A. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

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Waterflow, NM—87421

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$236,000

10.7% YoY Growth

Household Income

$49,700

13.7% YoY Growth

Days on Market

125.0% Longer YoY

Home Price Forecast

2.6%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Other Zip Codes in Waterflow, NM

87416

Home Price Trends — Waterflow, NM

As of May '26, the median home price in Waterflow, NM is $236,000, with a year-over-year change of 10.7%. This indicates that home prices in Waterflow, NM are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$236,000	10.7%
Single Family	$236,000	13.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$499,000	6.0%
Listing Count	1	0.0%
Listings as % of Homes	0.2%	0.0%
Days on Market	9	125.0%

Metric	Latest Census	YoY % Change
Population	1,590	0.3%
% Under 18	22.9%	1.3%
% Seniors	13.4%	-14.1%
% WFH	8.9%	111.9%
% w/ College Degree	7.8%	8.3%

Total Units under HUD	15
Total Units Section 8	15
% Rentals under Section 8	17.6%
% Occupied Section 8	N/A

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$920
2 Bedroom	N/A	N/A	$1,110
3 Bedroom	N/A	N/A	$1,560
4 Bedroom	N/A	N/A	$1,690

Waterflow, NM—87421

Key Metrics at a Glance

Other Zip Codes in Waterflow, NM

Home Price Trends — Waterflow, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waterflow, NM

% of Rental Stock

Property Listings — Waterflow, NM

Demographics — Waterflow, NM

Race and Ethnicity

Mortgage and Risk — Waterflow, NM

Mortgages

Rentals and Section 8 — Waterflow, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Waterflow, NM

Home Price to Income Ratio

Waterflow, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Kirtland, NM

Waterflow, NM

Rattlesnake, NM

Farmington, NM

Farmington, NM

Frequently Asked Questions

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

Metric	Latest Census	5-Year % Change
% White	24.1%	33.1%
% Black	0.0%	N/A
% Hispanic	12.9%	279.4%
% Asian	2.6%	∞%
% Foreign Born	2.8%	250.0%

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$236,000
Median Household Income	$49,700