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Pajarito Mesa CDP, NM

ZIP 87121 — Housing & Real Estate

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

Working ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87121

Median Home Value
$192,500
Median Rent
$1,055
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,237/mo PITI).

21%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

15.2 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 87121 in Pajarito Mesa CDP, NM, a household would need roughly $53,000 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 $1,237. That sits below the local median household income ($59,184), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
76.4%+17% vs US avg
x
Vacancy Rate
3.3%-68% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
0.7%-91% vs US avg
x
Rent Burden >30%
25.9%-48% vs US avg
x
Mortgage-Free
27.4%-28% vs US avg
x
$192,500
Home Value
$1,055
Rent
2000
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached74.1%
  • 1-unit attached2.6%
  • 2-9 units3.3%
  • 10+ units5.2%
  • Mobile home & other14.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$192,500
Median rent$1,055
Owner-occupied76.4%
Vacant3.3%
Price-to-income3.3x
Est. income to buy$53,000