87552, Pecos, NM

The 87552 zip code of Pecos, NM is located in the southeastern corner of the state and has a population of just over 10,000. The median household income in this zip code is just over $50,000, which is significantly higher than the statewide median household income of $41,667. This high income level likely contributes to the relatively high home equity and home prices in this zip code.

As of September 2017, the median home value in this zip code was $236,500. This represents a significant increase from the median home value of $178,500 recorded in September 2016. In fact, since January 2010 (the earliest month for which data is available), the median home value has increased by 116%. This rapid growth can be partially attributed to strong demand for housing within this zip code; according to Zillow’s Home Value Index®, Pecos ranks as one of the most affordable ZIP codes in New Mexico.

Despite these positive trends, there are some risks associated with investing in homes within this zip code. For example, Pecos experiences a high rate of unemployment (8% as of September 2017) and poverty (27% as of 2016). These factors could lead to a decline in property values if they continue to be associated with low levels of economic stability. Additionally, while Pecos enjoys a relatively low crime rate overall (2 murders per 100k residents as of September 2017), it does experience an above-average rate of violent crime (5 murders per 100k residents). Thus, it is important for homeowners living within this area to maintain vigilance against potential threats to their property security.