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Springer town, NM

ZIP 87747 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 87747

Median Home Value
$116,700
Median Rent
$401
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$750/mo PITI).

8%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.3 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 87747 in Springer town, NM, a household would need roughly $32,000 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 $750. That sits below the local median household income ($58,542), 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 29% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.6%+8% vs US avg
x
Vacancy Rate
28.7%+178% vs US avg
x
Broadband Access
81.0%-7% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
14.7%+14% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
7.1%-86% vs US avg
x
Mortgage-Free
67.7%+77% vs US avg
x
$116,700
Home Value
$401
Rent
1963
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 detached78.2%
  • 1-unit attached3.2%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other18.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$116,700
Median rent$401
Owner-occupied70.6%
Vacant28.7%
Price-to-income2.0x
Est. income to buy$32,000