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Gallup city, NM

ZIP 87301 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87301

Median Home Value
$134,700
Median Rent
$705
Affordability Snapshot
$37,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$865/mo PITI).

15%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.9 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 87301 in Gallup city, NM, a household would need roughly $37,000 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 $865. That sits below the local median household income ($58,302), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
50.3%-23% vs US avg
x
Vacancy Rate
7.7%-25% vs US avg
x
Broadband Access
78.7%-10% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
6.2%-51% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
20.1%-60% vs US avg
x
Mortgage-Free
52.5%+37% vs US avg
x
$134,700
Home Value
$705
Rent
1976
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached55.6%
  • 1-unit attached0.6%
  • 2-9 units22.5%
  • 10+ units3.4%
  • Mobile home & other18.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$134,700
Median rent$705
Owner-occupied50.3%
Vacant7.7%
Price-to-income2.3x
Est. income to buy$37,000