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Bosque Farms village, NM

ZIP 87068 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87068

Median Home Value
$246,300
Median Rent
$693
Affordability Snapshot
$68,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,582/mo PITI).

13%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

29.6 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 87068 in Bosque Farms village, NM, a household would need roughly $68,000 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 $1,582. That is roughly in line with the local median household income ($63,287). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
90.8%+39% vs US avg
x
Vacancy Rate
6.3%-38% vs US avg
x
Broadband Access
82.5%-5% vs US avg
x
4+ Bedrooms
5.2%-65% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
0.0%
x
Rent Burden >30%
10.8%-78% vs US avg
x
Mortgage-Free
51.1%+34% vs US avg
x
$246,300
Home Value
$693
Rent
1982
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached67.3%
  • 1-unit attached0.9%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other31.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$246,300
Median rent$693
Owner-occupied90.8%
Vacant6.3%
Price-to-income3.9x
Est. income to buy$68,000