87571, Taos, NM

The 87571 zip code of Taos, NM is located in the southwestern corner of the state and includes a portion of the city of Taos. The population was 10,827 as of the 2010 census. The median household income was $50,711, and the median family income was $60,914.

As of July 2015, there were 2,564 homes for sale in the 87571 zip code. The average list price was $269,000 and the median home price was $248,000. In 2014 there were 1,868 homes for sale in this zip code but only 551 were sold at an average price of $248,000. This suggests that home prices have been trending down since 2014.

Home equity is an important part of many people's lives and can be used to finance other expenses or investments. Home equity can also be used to pay off debt or save for retirement.

According to Zillow®, as of July 2015 there were 1,719 mortgages in force in the 87571 zip code with a total value of $1 billion. This suggests that mortgage rates are relatively low compared to other areas in New Mexico and across the U.S..

There has been a recent trend towards buying smaller homes rather than larger ones which may have contributed to decreasing home prices over time in this area. Additionally some people may have decided to move out of this area because they believe that home prices are too low relative to other areas within New Mexico or across the U.S..