87015, Edgewood, NM

Edgewood, NM is located in the 87015 zip code. The median home value in this zip code is $157,000. Home equity values have increased by an average of 9% over the past year. The average home price in Edgewood is $161,000 which is above the national average of $147,500.

The increase in home equity values can be attributed to a variety of factors including low interest rates and increased demand for housing. Additionally, Edgewood has a relatively low unemployment rate which contributes to an increase in demand for homes.

Home prices are likely to continue increasing in Edgewood due to the combination of strong economic indicators and increasing demand for housing. While there are some risks associated with rising home prices, such as a potential bubble burst, overall the market appears to be stable and positive growth is expected over the next few years.