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Shiprock CDP, NM

ZIP 87420 — 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 87420

Median Home Value
$101,600
Median Rent
$503
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$653/mo PITI).

16%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.8 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 87420 in Shiprock 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 $653. That sits below the local median household income ($38,079), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
54.9%-16% vs US avg
x
Vacancy Rate
19.7%+91% vs US avg
x
Broadband Access
58.4%-33% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
0.3%-97% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
10.1%-80% vs US avg
x
Mortgage-Free
84.7%+122% vs US avg
x
$101,600
Home Value
$503
Rent
1988
Year Built
2005
Moved In

Residents have lived here since ~2005 on average

Housing Structure

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

  • 1-unit detached58.9%
  • 1-unit attached1.9%
  • 2-9 units10.5%
  • 10+ units0.2%
  • Mobile home & other28.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$101,600
Median rent$503
Owner-occupied54.9%
Vacant19.7%
Price-to-income2.7x
Est. income to buy$28,000