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Tano Road CDP, NM

ZIP 87506 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87506

Median Home Value
$523,600
Median Rent
$979
Affordability Snapshot
$144,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,363/mo PITI).

13%
Rent-to-Income Ratio

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

5.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

44.6 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 87506 in Tano Road CDP, NM, a household would need roughly $144,000 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 $3,363. That is about 59% above the local median household income ($90,504), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.8%+27% vs US avg
x
Vacancy Rate
13.5%+31% vs US avg
x
Broadband Access
86.0%-1% vs US avg
x
4+ Bedrooms
2.9%-81% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
12.5%-75% vs US avg
x
Mortgage-Free
58.1%+52% vs US avg
x
$523,600
Home Value
$979
Rent
1993
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached72.7%
  • 1-unit attached3.5%
  • 2-9 units4.0%
  • 10+ units1.2%
  • Mobile home & other18.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$523,600
Median rent$979
Owner-occupied82.8%
Vacant13.5%
Price-to-income5.8x
Est. income to buy$144,000