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Truth or Consequences city, NM

ZIP 87901 — 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 87901

Median Home Value
$114,800
Median Rent
$495
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$737/mo PITI).

21%
Rent-to-Income Ratio

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

4.1x
Home Price-to-Income Ratio

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

19.3 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 87901 in Truth or Consequences city, 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 $737. That is roughly in line with the local median household income ($27,868). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 30% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
56.8%-13% vs US avg
x
Vacancy Rate
29.9%+190% vs US avg
x
Broadband Access
81.2%-7% vs US avg
x
4+ Bedrooms
0.3%-98% vs US avg
x
Built Pre-1939
7.2%-44% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
20.0%-60% vs US avg
x
Mortgage-Free
58.3%+53% vs US avg
x
$114,800
Home Value
$495
Rent
1976
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached48.5%
  • 1-unit attached1.5%
  • 2-9 units11.9%
  • 10+ units6.5%
  • Mobile home & other31.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,800
Median rent$495
Owner-occupied56.8%
Vacant29.9%
Price-to-income4.1x
Est. income to buy$32,000