City:
Bosque Farms is a city in the state of new-mexico with a population of roughly 4,897. It is in Valencia County, New Mexico the Albuquerque, NM core-based statistical areas (CBSA), and the Albuquerque-Santa Fe-Las Vegas, NM combined statistical area (CSA).Its Zip codes include 87068 .
Bosque Farms is a small town located in the foothills of the Sangre de Cristo Mountains in northern New Mexico. The town was founded in 1881 and has a population of just over 2,000 people. Bosque Farms is known for its agricultural production, including hay, cattle, and wheat. The town also has a small commercial district that includes a grocery store, gas station, and bank.
Real estate in Bosque Farms is primarily residential. There are a few commercial properties scattered throughout the town but they are mostly used for storage or garages. The majority of homes in Bosque Farms are single-family dwellings with an average price tag of $175,000. There is also a limited amount of multifamily housing available but it is mainly apartments that range from $120-$160 per month.
The primary source of income for residents of Bosque Farms comes from agriculture and related businesses. However, due to the relatively low population density and lack of major employers in the area, unemployment rates are relatively high at around 10%. This means that there is a significant demand for housing which has resulted in prices increasing significantly over the past few years. In 2017 alone, prices increased by 12%. While this may seem like an extreme increase, it should be noted that inflation rates have been much higher over this period so real estate prices have actually gone up by more than average when compared to other goods and services
Price Index: Albuquerque, NM