View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /New Mexico
  4. /Espanola, NM - 87532

Espanola, NM—87532

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$354,000
4.7% YoY Growth
Household Income
$57,100
N/A
Days on Market
61
40.0% Shorter YoY
Home Price Forecast
0.5%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Espanola, NM

As of May '26, the median home price in Espanola, NM is $354,000, with a year-over-year change of 4.7%. This indicates that home prices in Espanola, NM are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$354,0004.7%
Single Family $353,0005.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$277,0003.0%
    3 Bed
    		$367,0005.2%
    4 Bed
    		$455,0005.1%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    6.9%
    2 Bedrooms
    23.5%
    3 Bedrooms
    56.4%
    4 Bedrooms
    10.6%
    5+ Bedrooms
    1.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,550
    Studio Rent N/AN/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/AN/A
    Loading chart...

    % 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 May '26, Realtor.com reports that the median days on market for a home in Espanola, NM is 61. This is a decrease of -40.0% from last year, suggesting that homes are sitting on the market shorter 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
    		$432,000-11.0%
    Listing Count
    		3920.0%
    Listings as % of Homes0.4%20.0%
    Days on Market
    		61-40.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		19,5004.1%
    % Under 18
    		24.0%-3.6%
    % Seniors
    		19.2%9.1%
    % WFH
    		8.9%N/A
    % w/ College Degree
    		23.2%16.6%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$310$1,500$1,190
    2 Bedroom$230$1,160$1,390
    3 Bedroom$520$1,250$1,770
    4 BedroomN/AN/A$1,840

    Affordability — Espanola, NM

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.1
    Median Home Price$354,000
    Median Household Income$57,100

    Espanola, NM — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Santa Cruz, NM

    87567

    Pueblito, NM

    87566

    Lyden

    87511

    San Lorenzo, NM

    87537

    Los Alamos, NM

    87547

    Frequently Asked Questions