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Thoreau CDP, NM

ZIP 87323 — 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 87323

Median Home Value
$102,700
Median Rent
$483
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$660/mo PITI).

13%
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.

17.7 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 87323 in Thoreau CDP, NM, a household would need roughly $28,000 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 $660. That sits below the local median household income ($45,156), 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 34% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
94.8%+45% vs US avg
x
Vacancy Rate
33.7%+227% vs US avg
x
Broadband Access
62.5%-28% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
12.7%-74% vs US avg
x
Mortgage-Free
75.3%+97% vs US avg
x
$102,700
Home Value
$483
Rent
1991
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 detached64.0%
  • 1-unit attached2.5%
  • 2-9 units0.9%
  • 10+ units0.0%
  • Mobile home & other32.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$102,700
Median rent$483
Owner-occupied94.8%
Vacant33.7%
Price-to-income2.3x
Est. income to buy$28,000