87743, Roy, NM

The 87743 zip code of Roy, NM is located in the northwestern corner of the state and includes the city of Roy as well as a number of smaller communities. The median home value in this zip code was $157,500 in 2016, which is significantly higher than the statewide median home value of $123,000. In addition, the percentage of homes that are owner-occupied is much higher in this zip code than statewide: 84% versus 62%. This high level of owner-occupancy likely contributes to the high home values.

Despite these high values, there has been a recent trend towards increasing home prices in this zip code. Between January 2017 and January 2018 alone, the median home value increased by 7%. This increase may be due to a number of factors including an improving economy and increased demand from buyers who are able to afford more expensive homes. While it is important to note that prices can always change over time, it seems likely that Roy will continue to have some of the highest home values in New Mexico for some time to come.