What is the average home price in El Rito, NM 87556?

As of May '26, the median home price in El Rito, NM 87556 is $342,000, based on Zillow home estimates.

How have home prices in El Rito, NM 87556 changed over the past year?

As of May '26, home prices have decreased N/A over the past year, according to Zillow home estimates data.

What is the home price projection for El Rito, NM 87556?

As of May '26, Zillow projects home prices in El Rito, NM 87556 to decrease N/A in the next year.

What are the demographics of El Rito, NM 87556?

According to the latest Census, the demographics of El Rito, NM 87556 are 25.8% White, 0.2% Black, 1.6% Asian, 72.0% Hispanic. The population is 2,430, with 15.7% under 18 years old.

How long does it take homes to sell in El Rito, NM 87556?

According to Realtor.com, as of May '26, the median home in El Rito, NM 87556 is on the market for 75 days. This is a decrease of 41.0% from last year.

What is the average rent price in El Rito, NM 87556?

The average rent price in El Rito, NM 87556, 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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El Rito, NM—87556

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$342,000

N/A

Household Income

$45,200

40.5% YoY Growth

Days on Market

41.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Other Zip Codes in El Rito, NM

87530

Home Price Trends — El Rito, NM

El Rito, NM lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — El Rito, NM

El Rito, NM lacks sufficient rental market data for analysis.

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

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% of Rental Stock

Studio

10.3%

1 Bedroom

12.0%

2 Bedrooms

20.2%

3 Bedrooms

57.4%

Property Listings — El Rito, NM

As of May '26, Realtor.com reports that the median days on market for a home in El Rito, NM is 75. This is a decrease of -41.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$342,000	6.0%
Listing Count	24	88.0%
Listings as % of Homes	N/A	88.0%
Days on Market	75	-41.0%

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Demographics — El Rito, NM

As of the latest ACS Survey released in 2023, El Rito, NM has a population of 2,430, which has increased by 2.3% over the past 5 years. El Rito, NM is a moderately popular place for families, as children make up 15.7% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,430	2.3%
% Under 18	15.7%	-28.6%
% Seniors	30.3%	18.8%
% WFH	19.5%	134.9%
% w/ College Degree	19.5%	-1.5%

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As of the latest ACS Survey released in 2023, El Rito, NM is a predominantly hispanic area, with 72.0% of the population identifying as hispanic. The hispanic population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in El Rito, NM is white, making up 25.8% of the population. Foreign-born residents account for 5.9% of the population in El Rito, NM, and this percentage has increased by 883.3% 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	25.8%	-5.5%
% Black	0.2%	∞%
% Hispanic	72.0%	-0.7%
% Asian	1.6%	∞%
% Foreign Born	5.9%	883.3%

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Mortgage and Risk — El Rito, NM

According to HUD data as of 2023, there were 29 mortgage originations in El Rito, NM, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in El Rito, NM. Investor activity is low, as 7.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	29
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	7.0%
% Second Loans	21.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — El Rito, NM

El Rito, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	39
Total Units Section 8	21
% Rentals under Section 8	N/A
% Occupied Section 8	69.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$830
2 Bedroom	N/A	N/A	$950
3 Bedroom	N/A	N/A	$1,240
4 Bedroom	N/A	N/A	$1,610

El Rito, NM—87556

Key Metrics at a Glance

Other Zip Codes in El Rito, NM

Home Price Trends — El Rito, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — El Rito, NM

% of Rental Stock

Property Listings — El Rito, NM

Demographics — El Rito, NM

Race and Ethnicity

Mortgage and Risk — El Rito, NM

Mortgages

Rentals and Section 8 — El Rito, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — El Rito, NM

Home Price to Income Ratio

El Rito, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Cerro

Costilla

Red River

San Cristobal

Amalia

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$45,200