88135, Texico, NM

The home equity and home prices in the 88135 zip code of Texico, NM are reflective of the overall market conditions in this area. The median home value in this zip code is $119,000, which is lower than the statewide median home value of $177,500. However, this does not mean that there are not homes for sale in this zip code. In fact, there are currently 37 homes for sale in 88135 and the average list price is $128,000. This indicates that there is a fair amount of competition among buyers for properties in this zip code.

One reason why home values may be lower than statewide averages is because Texico is located in a rural area. This may make it difficult to find jobs or access to other amenities that would increase demand for housing units. Additionally, many people who live in Texico may be retired or have other income sources that do not support high housing costs. As long as these factors remain relatively stable over time, it is likely that home values will continue to decline relative to statewide averages.