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Las Vegas city, NM

ZIP 87701 — 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 87701

Median Home Value
$169,000
Median Rent
$612
Affordability Snapshot
$47,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,086/mo PITI).

15%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.0 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 87701 in Las Vegas city, NM, a household would need roughly $47,000 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 $1,086. That is roughly in line with the local median household income ($48,115). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
66.4%+2% vs US avg
x
Vacancy Rate
16.8%+63% vs US avg
x
Broadband Access
76.3%-12% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
5.0%-61% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
30.3%-39% vs US avg
x
Mortgage-Free
64.3%+68% vs US avg
x
$169,000
Home Value
$612
Rent
1973
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached56.9%
  • 1-unit attached2.6%
  • 2-9 units13.0%
  • 10+ units3.5%
  • Mobile home & other24.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$169,000
Median rent$612
Owner-occupied66.4%
Vacant16.8%
Price-to-income3.5x
Est. income to buy$47,000