Ranchos de Taos, NM—87557
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ranchos de Taos, NM
As of Aug '25, the median home price in Ranchos de Taos, NM is $411,000, with a year-over-year change of -4.7%. This indicates that home prices in Ranchos de Taos, NM are decreasing. According to Zillow, the 1-year price projection is -2.8%, suggesting a decrease housing market in the next year.
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $577,000 | 4.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
Rental Trends — Ranchos de Taos, NM
As of Jul '25, the average rent in Ranchos de Taos, NM is $3,550, with a year-over-year rent change of NA. 2-bedroom units average $3,550 (NA)
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,550 | $3,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,550 | $3,550 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
Property Listings — Ranchos de Taos, NM
As of Aug '25 and according to Realtor.com, the median days on market for a home in Ranchos de Taos, NM is 81. This is an decrease of -15.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | -6.0% |
Listing Count | 71 | N/A |
| Listings as % of Homes | 1.1% | N/A |
Days on Market | 81 | -15.0% |
Demographics — Ranchos de Taos, NM
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,510 | -29.5% |
% Under 18 | 29.0% | 50.3% |
| % Under 5 | N/A | N/A |
% Seniors | 26.2% | 20.2% |
% WFH | 10.6% | -37.6% |
% w/ College Degree | 42.8% | 35.4% |
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.8% | -16.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 63.9% | -4.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 7.7% | -7.2% |
Mortgage and Risk — Ranchos de Taos, NM
According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Ranchos de Taos, NM in that year was 88. 83.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 72.0%. Of those, 31.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Ranchos de Taos, NM. Investor activity in Ranchos de Taos, NM is low, as 3.0% of all loans are originated by investors. In 2023, 16.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.
Mortgages
| Metric | Zip Code Average | Metro Average | State Average |
|---|---|---|---|
Total Loan Originations | 88 | N/A | N/A |
% Conventional Loans | 83.0% | N/A | N/A |
% Government Loans | 17.0% | N/A | N/A |
% Investor Loans | 3.0% | N/A | N/A |
% Second Loans | 10.0% | N/A | N/A |
% Cash Out Refinance | 16.0% | N/A | N/A |
Rentals and Section 8 — Ranchos de Taos, NM
As of 2024, the percent of homes in Ranchos de Taos, NM under the Section 8 program is NA. This is considered unknown, suggesting that the neighborhood is unknown composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.
Section 8 Market Size
Total Units under HUD | 53 |
Total Units Section 8 | 53 |
% 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 | $1,080 |
| 2 Bedroom | -$2,310 | $3,550 | $1,240 |
| 3 Bedroom | N/A | N/A | $1,590 |
| 4 Bedroom | N/A | N/A | $2,080 |
Affordability — Ranchos de Taos, NM
Home Price to Income Ratio
| Metric | Zip Code Average | Metro Average | State Average |
|---|---|---|---|
| Home Price to Income Ratio | 7.4 | N/A | N/A |
| Median Home Price | $411,000 | N/A | N/A |
| Median Household Income | $57,000 | N/A | N/A |