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Lake Valley CDP, NM

ZIP 87499 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87499

Median Home Value
$77,300
Median Rent
$625
Affordability Snapshot
$21,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$497/mo PITI).

21%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

10.3 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 87499 in Lake Valley CDP, NM, a household would need roughly $21,000 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 $497. That sits below the local median household income ($34,946), 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 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.7%+34% vs US avg
x
Vacancy Rate
24.4%+137% vs US avg
x
Broadband Access
6.0%-93% vs US avg
x
4+ Bedrooms
13.3%-10% vs US avg
x
Built Pre-1939
2.1%-84% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
99.1%+159% vs US avg
x
$77,300
Home Value
$625
Rent
1984
Year Built
2004
Moved In

Residents have lived here since ~2004 on average

Housing Structure

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

  • 1-unit detached78.3%
  • 1-unit attached3.3%
  • 2-9 units6.3%
  • 10+ units0.0%
  • Mobile home & other12.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$77,300
Median rent$625
Owner-occupied87.7%
Vacant24.4%
Price-to-income2.2x
Est. income to buy$21,000