87027, La Jara, NM

The La Jara, NM 87027 zip code has a population of around 10,000 people and is located in the southern part of the state. The median home value in this zip code is $128,000 which is lower than the statewide median home value of $177,500. The percentage of homes that are owner-occupied is lower than the statewide percentage of owner-occupied homes at around 65%. However, this percentage has been increasing over time as more people are buying homes in La Jara.

There are a number of factors that could be contributing to the lower home values in La Jara. One reason may be that there are fewer homes available for sale in this zip code compared to other areas of the state. Another reason may be that there are fewer families who can afford to buy a home here. Additionally, many people who live in La Jara may not have access to a good credit score or they may not have enough money saved up to purchase a home outright. As a result, they may be forced to rent instead.

Despite these challenges, there are some homeowners who have managed to achieve success in purchasing their own homes in La Jara. This can often happen when buyers take advantage of opportunities such as low interest rates and flexible mortgage terms. In addition, it can also help if buyers have good credit scores and if they can qualify for a loan with low down payments.