87753, Watrous, NM

The Watrous, NM zip code of 87753 has a median home value of $137,000 and a median home equity value of $111,000. This is lower than the national median home value of $177,500 and the NM median home equity value of $128,700. The Watrous zip code is also below the NM average home equity value of $135,600.

There are several factors that may contribute to the lower values in Watrous. First, Watrous is located in an area with a high rate of unemployment and low incomes. Second, Watrous has a high percentage of homes that are owned by investors or renters rather than homeowners. Third, there is a significant amount of foreclosures in this zip code. Finally, Watrous has seen relatively low growth in its population over the past few years which may have impacted its housing market values.