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La Luz CDP, NM

ZIP 88337 — 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 88337

Median Home Value
$143,900
Median Rent
$625
Affordability Snapshot
$40,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$924/mo PITI).

13%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.2 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 88337 in La Luz CDP, NM, a household would need roughly $40,000 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 $924. That sits below the local median household income ($58,171), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
77.8%+19% vs US avg
x
Vacancy Rate
20.5%+99% vs US avg
x
Broadband Access
81.4%-6% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
2.1%-83% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
3.0%-94% vs US avg
x
Mortgage-Free
56.1%+47% vs US avg
x
$143,900
Home Value
$625
Rent
1991
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached53.4%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.5%
  • Mobile home & other46.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$143,900
Median rent$625
Owner-occupied77.8%
Vacant20.5%
Price-to-income2.5x
Est. income to buy$40,000