87024, Jemez Pueblo, NM

The 87024 zip code of Jemez Pueblo, NM has a median home value of $101,000. The home equity in this zip code is $38,000. This means that the majority of homes in this zip code are worth less than their home equity. Additionally, the average price of a home in this zip code has decreased by over 10% since 2007. This indicates that there is a large number of homes for sale in the 87024 zip code and that buyers are not purchasing as many homes as they used to.

There are several reasons why the home values in the 87024 zip code have decreased over time. One reason is that there are more homes for sale than there are buyers interested in purchasing them. Another reason is that interest rates have been relatively low for a long period of time, which has made it difficult for people to afford to buy a home. Finally, the economy has been weak for quite some time now and this has impacted all areas of society, including housing prices.