87533, Espanola, NM

The 87533 zip code of Espanola, NM is located in the southwestern corner of the state and includes a population of just over 11,000 people. The median home value in this zip code is $107,000 which is significantly lower than the statewide median home value of $205,000. In addition, the percentage of homes in this zip code that are owner-occupied is only 54%, which is significantly lower than the statewide percentage of homes that are owner-occupied at 69%.

One potential explanation for these low home values and homeowner percentages in the 87533 zip code may be due to its proximity to Los Alamos National Laboratory. This highly-regarded national laboratory has a significant impact on local housing prices and homeowner percentages because it attracts high-paying jobs and generates a large number of scientific research papers. As a result, many people who live in this zip code may not be able to afford to buy or rent a home even if they wanted to.