87301, Gallup, NM

The Gallup, NM 87301 zip code has a population of approximately 18,000 people. The median household income in the 87301 zip code is $60,000 and the median home value is $225,000. Home equity in the 87301 zip code has increased by 10% over the past year. The average home price in the 87301 zip code is $236,500 which indicates that there is strong demand for housing in this area.

Gallup has seen an increase in home equity since 2016 when the median home value was $215,000. In 2017, the median home value increased to $226,500 and it has continued to increase each year since then. This indicates that there is a lot of demand for housing in Gallup and that people are able to afford homes at a reasonable price. Home equity can be used as a form of savings or to help pay down debt. It can also be used to purchase another house or invest in other assets such as stocks or bonds.