87418, La Plata, NM

The La Plata, NM 87418 zip code has a median home value of $127,000 and a median home equity of $101,000. This is significantly lower than the national median home value of $217,500 and the national median home equity of $142,700.

There are several factors that may contribute to the low home values in the La Plata, NM 87418 zip code. First, this area is located in a rural area with few jobs and limited opportunities for economic growth. Second, there is a high rate of foreclosure in this area which may have caused many homeowners to lose their homes to foreclosure. Finally, many homeowners in this zip code are likely over 60 years old and may not be able to afford to buy or upgrade a home any further.

Despite the low home values in the La Plata, NM 87418 zip code, there are still some opportunities for homeowners here. First, many homeowners here have access to affordable mortgages through government programs like FHA or VA loans. Second, there are often good deals available on homes that are currently for sale in this area. Finally, if you are looking to buy a house in this zip code now is probably not the best time since prices have been declining recently due to the overall economy recession.