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Prewitt CDP, NM

ZIP 87045 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87045

Median Home Value
$56,700
Median Rent
$425
Affordability Snapshot
$16,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$364/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

11.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 87045 in Prewitt CDP, NM, a household would need roughly $16,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $364. That sits below the local median household income ($19,943), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 23% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
95.3%+46% vs US avg
x
Vacancy Rate
23.1%+124% vs US avg
x
Broadband Access
42.0%-52% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
9.4%-81% vs US avg
x
Mortgage-Free
94.7%+148% vs US avg
x
$56,700
Home Value
$425
Rent
1987
Year Built
1996
Moved In

Residents have lived here since ~1996 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached48.9%
  • 1-unit attached0.4%
  • 2-9 units0.3%
  • 10+ units0.0%
  • Mobile home & other50.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$56,700
Median rent$425
Owner-occupied95.3%
Vacant23.1%
Price-to-income2.8x
Est. income to buy$16,000