87830, Reserve, NM

The 87830 zip code of Reserve, NM has a population of approximately 5,000 people. The median household income in this zip code is $40,000, and the median home value is $130,000. In terms of home equity and home prices, the Reserve area is doing well.

According to Zillow’s recent report on home equity and home prices in America’s 100 largest metropolitan areas, the Reserve area ranks number eight out of 100 in terms of both home equity and home prices. This means that the Reserve area has a higher percentage of homes with high levels of equity (meaning they are worth more than what is owed on them) than any other metro area in America. Additionally, the Reserve area ranks number one out of 100 in terms of average home price growth over the past year – meaning that homes here are selling for more than they were a year ago on average.

These high levels of equity and price growth can be attributed to several factors: First, there is low unemployment rates in the Reserve area – which means that there are plenty of people who are able to afford to buy or build homes here. Second, there is a strong economy here – meaning that people are able to afford to buy or build homes even if their incomes aren’t as high as they would be elsewhere. And finally, there is limited competition for homes – meaning that buyers have more room to negotiate for better deals on properties than they would if there were more houses available for sale at any given time.

Overall, it appears that homeownership rates and home values in the 87830 zip code of Reserve are both doing well – which should help keep property values stable or increase over time as long as these trends continue.