88317, Cloudcroft, NM

Cloudcroft, New Mexico is located in the 88317 zip code. Cloudcroft has a population of 1,812 as of the 2010 census. The median household income in Cloudcroft is $77,924 and the median family income is $85,521. Cloudcroft's home equity and home prices are analyzed below.

Cloudcroft's home equity and home prices are analyzed below:

As of March 31st, 2017 there were 1,812 households and 2,906 families residing in the 88317 zip code. The average size of a household was 3.27 people and the average size of a family was 3.79 people. The median age in Cloudcroft is 36 years old which is older than the national median age of 37 years old. There are more married couples living in Cloudcroft than there are single people living alone which indicates that Cloudcroft has a high rate of marriage.

The percentage of adults who have at least one college degree or higher is 68% which is higher than the national percentage of 54%. This indicates that Cloudcroft has a high rate of educational attainment compared to other U.S cities or towns with similar populations.

The percentage of adults who are employed full-time is 66% which is lower than the national percentage of 74%. This indicates that there may be some unemployment or underemployment present in Cloudcroft compared to other U.S cities or towns with similar populations..

Cloudcroft's homeownership rate as reported by Zillow as July 2017 was 78%. This compares favorably to other U S cities or towns with similar populations where homeownership rates range from 50%-60%. Homeownership rates above 70% indicate that most households own their homes outright rather than having mortgages on them which indicates strong homeowner confidence in Cloudcroft's housing market..

Cloudcrofts' median home value as reported by Zillow as July 2017 was $269,000 which compares favorably to other U S cities or towns with similar populations where median home values range from $130k-$300k.. The percent increase from 2016 to 2017 for cloudcrofts' median home value was 7%. This indicates that cloudcrofts' housing market appears stable over time despite some fluctuations seen nationally during this time period..