Gascon, NM—87732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gascon, NM
Gascon, 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 |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gascon, NM
Gascon, 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 |
% of Rental Stock
Property Listings — Gascon, NM
Gascon, NM lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $795,000 | N/A |
Listing Count | 3 | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | 78 | N/A |
Demographics — Gascon, NM
As of the latest ACS Survey released in 2023, Gascon, NM has a population of 969, which has decreased by -36.7% over the past 5 years. Gascon, NM is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 969 | -36.7% |
% Under 18 | 25.0% | 55.3% |
% Seniors | 29.6% | 45.1% |
% WFH | 28.6% | 673.0% |
% w/ College Degree | 28.9% | 92.7% |
As of the latest ACS Survey released in 2023, Gascon, NM is a predominantly hispanic area, with 80.7% of the population identifying as hispanic. The hispanic population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Gascon, NM is white, making up 15.6% of the population. Foreign-born residents account for 0.0% of the population in Gascon, NM, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 15.6% | 17.3% |
% Black | 0.0% | N/A |
% Hispanic | 80.7% | 4.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Gascon, NM
According to HUD data as of 2023, there were 10 mortgage originations in Gascon, NM, of which 90.0% 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 Gascon, NM. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 10 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 20.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Gascon, NM
Gascon, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Gascon, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $66,100 |