87010, Cerrillos, NM

The 87010 zip code of Cerrillos, NM has a median home value of $101,000 and a median home equity value of $118,000. These values are significantly higher than the national median home value of $77,500 and the national median home equity value of $100,000. This indicates that homes in the 87010 zip code are more valuable than average.

One possible explanation for this high level of home values is that Cerrillos is a desirable location. The city has a population of just over 2,500 people and is located just outside Santa Fe. It also has access to excellent schools and recreational facilities.

Another factor that may contribute to the high level of home values in the 87010 zip code is the low rate of unemployment in Cerrillos. The unemployment rate in Cerrillos was just 3% as of March 2016, which is much lower than the national unemployment rate of 4%. This low unemployment rate may lead potential buyers to believe that there are plenty of jobs available in Cerrillos and drive up prices accordingly.