87574, Tesuque, NM

Home Equity and Home Prices in the 87574 Zip Code of Tesuque, NM

The 87574 zip code of Tesuque, NM has a median home value of $123,000. This is higher than the national median home value of $81,500. The average home value in this zip code is higher than the state median home value of $117,000 and the national average home value. There are a number of factors that contribute to this high home values in this zip code. One reason is that Tesuque is located in a desirable area with plenty of amenities and access to outdoor activities. Additionally, there are a number of large homes available for sale in this zip code which contributes to its high median home values.

There are also a number of factors that could lead to lower home values in this zip code. For example, if there was an increase in interest rates or if more people were selling their homes because they were moving out of the area or were no longer able to afford them. Additionally, if there was an increase in foreclosure activity or if more people were buying homes for investment purposes rather than living in them, then prices would likely decrease.

Overall, it appears that the 87574 zip code has strong demand for homes and strong prices which contributes to its high median home values