87413, Bloomfield, NM

The Bloomfield, NM 87413 zip code has a population of around 34,000 people and is located in the northeast corner of the state. The median household income in this zip code is around $78,000 which is higher than the national median household income of $59,000. The home equity and home prices in this zip code are both high compared to other zip codes in New Mexico.

The average home equity value in the Bloomfield, NM 87413 zip code is $255,000 which is significantly higher than the statewide average home equity value of $153,700. Additionally, the average home price in this zip code is $369,500 which is also significantly higher than the statewide average home price of $269,900. This indicates that there are a lot of homes available for sale and that buyers are willing to pay a high price for these homes.

One reason why the home equity and home prices in this Bloomfield, NM 87413 zip code are so high is because there are a lot of homes available for sale. Another reason why these values are high is because there are a lot of wealthy people living in this area. Many wealthy people live here because they want to be close to major cities like Albuquerque and Santa Fe but they also want to live in a rural area where they can have plenty of space. Therefore, many affluent people choose to buy homes here instead of living in larger cities where they would have less privacy and less space. As a result, the demand for homes has increased significantly over time which has led to higher home values and greater wealth inequality within this particular ZIP Code