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La Union CDP, NM

ZIP 88021 — 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 88021

Median Home Value
$151,400
Median Rent
$438
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$973/mo PITI).

11%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

28.8 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 88021 in La Union CDP, NM, a household would need roughly $42,000 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 $973. That sits below the local median household income ($49,345), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
74.1%+13% vs US avg
x
Vacancy Rate
6.5%-37% vs US avg
x
Broadband Access
83.1%-4% vs US avg
x
4+ Bedrooms
1.3%-92% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
10.1%-80% vs US avg
x
Mortgage-Free
58.8%+54% vs US avg
x
$151,400
Home Value
$438
Rent
1989
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached60.0%
  • 1-unit attached0.6%
  • 2-9 units8.3%
  • 10+ units0.3%
  • Mobile home & other30.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$151,400
Median rent$438
Owner-occupied74.1%
Vacant6.5%
Price-to-income3.1x
Est. income to buy$42,000