87581, Vallecitos, NM

The Vallecitos zip code in the 87581 area of New Mexico has a population of around 2,000 people. The median household income is around $50,000 and the median home value is around $175,000. The average home equity in this zip code is around $130,000.

The Vallecitos area has seen a gradual increase in home values over the past few years. In 2013, the median home value was just under $160,000 and by 2016 it had increased to just over $175,000. This trend seems to be continuing as the latest figures show that the median home value in 2017 was just over $180,000.

This increase in home values has been largely due to an influx of new residents into the area who are able to afford higher prices for homes. Additionally, there has been an increase in demand for homes due to an improving economy and low interest rates.

Despite these positive trends, there are some areas of concern that could impact future home values in this zip code. One issue that could have a negative impact on prices is if there were any major changes made to zoning laws or regulations within the area which would make it more difficult for homeowners to sell their homes or if there were any large-scale construction projects that took place that would reduce available housing stock.

Overall though, it seems likely that Vallecitos will continue to see strong growth in its home values over time and that most homeowners will be able to benefit from this increase