87364, Sheep Springs, NM

The Sheep Springs, NM 87364 zip code is located in the southwestern corner of New Mexico. The area has a population of about 2,000 people and an average household income of around $50,000. The median home value in the zip code is $147,500.

There has been a recent increase in home prices in the Sheep Springs area. In 2016, the median home value was $146,500 and in 2017 it increased to $147,500. This increase can be attributed to several factors including low interest rates and strong demand from buyers.

Home equity is important for many people because it provides them with financial stability and allows them to invest money for future growth or retirement goals. Home equity can also be used as a source of collateral for loans or to purchase other assets such as cars or homes.

Overall, the Sheep Springs area appears to be experiencing strong demand for homes and prices are continuing to rise. This trend may continue into 2018 as buyers continue to seek affordable housing options in this growing community