Espanola, NM 87532 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Espanola, NM—87532

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$330,000

5.6% YoY Growth

Household Income

$57,100

N/A

Days on Market

143

55.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$1,200

40.9% YoY Growth

1-Bed Rent

$1,500

66.3% YoY Growth

2-Bed Rent

$1,160

11.3% YoY Growth

3-Bed Rent

$1,250

58.8% YoY Growth

Home Price Trends — Espanola, NM

As of Dec '25, the median home price in Espanola, NM is $330,000, with a year-over-year change of 5.6%. This indicates that home prices in Espanola, NM are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$330,000	5.6%
Single Family	$330,000	4.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Espanola, NM

As of July '25, Rentcast reports the average rent in Espanola, NM is $1,550, with a year-over-year rent change of 40.9%. Per bedroom, the median rent as of July '25 in Espanola, NM is 1-bedrooms: $1,650, 2-bedrooms: $1,180, 3-bedrooms: $2,620. The most common rental property sizes in Espanola, NM are 3-bedroom and 2-bedroom, accounting for 43.2% and 33.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,550
Studio Rent	N/A	N/A
1 Bed Rent	$1,500	$1,650
2 Bed Rent	$1,160	$1,180
3 Bed Rent	$1,250	$2,620
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.8%

1 Bedroom

15.4%

2 Bedrooms

33.4%

3 Bedrooms

43.2%

4 Bedrooms

5.8%

5+ Bedrooms

0.3%

Property Listings — Espanola, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in Espanola, NM is 135. This is a increase of 47.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$523,000	5.0%
Listing Count	29	-17.0%
Listings as % of Homes	0.4%	-17.0%
Days on Market	143	55.0%

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Demographics — Espanola, NM

As of the latest ACS Survey released in 2023, Espanola, NM has a population of 19,500, which has increased by 4.1% over the past 5 years. Espanola, NM is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,500	4.1%
% Under 18	24.0%	-3.6%
% Seniors	19.2%	9.1%
% WFH	8.9%	N/A
% w/ College Degree	23.2%	16.6%

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As of the latest ACS Survey released in 2023, Espanola, NM is a predominantly hispanic area, with 71.6% of the population identifying as hispanic. The hispanic population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Espanola, NM is white, making up 14.9% of the population. Foreign-born residents account for 8.5% of the population in Espanola, NM, and this percentage has increased by 26.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	14.9%	7.2%
% Black	1.0%	66.7%
% Hispanic	71.6%	-7.1%
% Asian	0.6%	-33.3%
% Foreign Born	8.5%	26.9%

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Mortgage and Risk — Espanola, NM

According to HUD data as of 2023, there were 159 mortgage originations in Espanola, NM, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Espanola, NM. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	159
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Espanola, NM

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

Section 8 Market Size

Total Units under HUD	398
Total Units Section 8	168
% Rentals under Section 8	5.7%
% Occupied Section 8	87.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$310	$1,500	$1,190
2 Bedroom	$230	$1,160	$1,390
3 Bedroom	$520	$1,250	$1,770
4 Bedroom	N/A	N/A	$1,840

Espanola, NM—87532

Key Metrics at a Glance

Home Price Trends — Espanola, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Espanola, NM

% of Rental Stock

Property Listings — Espanola, NM

Demographics — Espanola, NM

Race and Ethnicity

Mortgage and Risk — Espanola, NM

Mortgages

Rentals and Section 8 — Espanola, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Espanola, NM

Home Price to Income Ratio

Espanola, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Santa Cruz, NM

Pueblito, NM

Lyden

San Lorenzo, NM

Los Alamos, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$330,000
Median Household Income	$57,100

Espanola, NM—87532

Key Metrics at a Glance

Home Price Trends — Espanola, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Espanola, NM

% of Rental Stock

Property Listings — Espanola, NM

Demographics — Espanola, NM

Race and Ethnicity

Mortgage and Risk — Espanola, NM

Mortgages

Rentals and Section 8 — Espanola, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Espanola, NM

Home Price to Income Ratio

Espanola, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Santa Cruz, NM

Pueblito, NM

Lyden

San Lorenzo, NM

Los Alamos, NM

Frequently Asked Questions

What is the average home price in Espanola, NM 87532?

How have home prices in Espanola, NM 87532 changed over the past year?

What is the home price projection for Espanola, NM 87532?

What are the demographics of Espanola, NM 87532?

How long does it take homes to sell in Espanola, NM 87532?

What is the average rent price in Espanola, NM 87532?