87046, Regina, NM

Regina is located in the southeastern corner of New Mexico, just north of the Texas state line. The city has a population of about 36,000 and is home to New Mexico State University. Regina was founded in 1883 as a railroad town and quickly became an agricultural center due to its fertile soil and proximity to major markets. In the early 1900s, Regina began to grow rapidly as a result of its booming oil industry. However, the oil industry went into decline in the 1970s, leading to widespread economic hardship in Regina. Since then, Regina has made significant progress rebuilding its economy and has seen strong growth in sectors such as health care, information technology, and manufacturing.

Today, Regina is considered one of the most livable cities in New Mexico thanks to its low crime rates and excellent schools. The city's economy is diversified and growing rapidly due to its many strengths including a skilled workforce, access to affordable housing, strong business climate, and excellent transportation infrastructure. Despite these positive factors, there are still some challenges facing Regina including high levels of poverty and unemployment.

Home prices have been on an upward trend for several years now in Regina thanks largely to strong demand from both buyers and sellers alike. As of September 2017 , the median home price was $269K which represents an increase of over 20% from 2016 . In addition , according to Zillow's Home Price Index , the median home value within 87046 ZIP code is $248K which ranks #1 out of all ZIP codes within NM . This indicates that there is considerable demand for homes within this area which should continue to be supported by strong economic growth prospects over the next few years.

Despite these positive trends however , there are also some risks associated with rising home prices . For example , if interest rates rise or market conditions change significantly then prices could fall back down below their current levels . Additionally , although Saskatchewan lotteries have been providing generous funding for new housing developments over recent years this may eventually run out if not addressed by future governments . Finally , while Regina enjoys a generally stable population it can still experience rapid growth or contraction depending on economic conditions outside of its control (e.g., global events). In short , while home prices are continuing to rise steadily in Regina they are still subject to various risks that could cause themto drop back down again later on