87047, Sandia Park, NM

The 87047 zip code of Sandia Park, NM is located in the Albuquerque metropolitan area. The median home value in this zip code is $217,500 and the median home equity is $151,000. This zip code has a population of about 10,000 people.

There has been an increase in home values and equity over the past few years in this zip code. The average increase in home values from 2013 to 2017 was 25%. This is much higher than the national average of only 6%.

One reason for this increase may be that there are a lot of new homes being built in this area. Another reason may be that there are a lot of people who are buying their first homes or who have been able to refinance their homes and get better terms on their loans.

Overall, it seems that the economy here is doing well and that there is plenty of demand for housing stock. This means that home prices will continue to go up over time, which should benefit residents of this zip code financially.