The story of this market
The typical home in ZIP 87061 sells for about $155,000, or $132 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 87061 — Torreon
The housing market in 87061 is characterized by low volume and slow turnover, reflecting its rural nature. Prices remain stable with minimal year-over-year growth, and the market is driven by local demand rather than speculative investment. Most metrics for this ZIP are not published by major portals, requiring reliance on local assessor and census data.
This ZIP is best suited for those seeking rural isolation, affordability, and a quiet lifestyle, rather than commuters or those requiring proximity to urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 88 days on market with 6.0 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 15.4% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 87061, Torrance County NM
Crime data for the rural Torreon area is not determinable at the ZIP level, though the region generally experiences lower violent crime rates compared to the Albuquerque urban core.
Schools serving this area are part of the Mountainair Public Schools district, which is characterized by small class sizes and limited extracurricular offerings due to the rural setting.
The area faces moderate wildfire risk typical of central New Mexico's high-desert terrain and requires standard fire-mitigation practices for residential properties.
Economic momentum is limited in this rural area, with no major corporate developments or infrastructure projects currently reported for the 87061 ZIP code.
Property taxes are assessed by Torrance County; the area lacks significant special district (MUD/PID) overlays common in urban developments.
Commuting from Torreon to the Albuquerque employment core is a significant drive, typically exceeding 60-75 minutes via NM-41 and I-40.
Recreation is primarily focused on outdoor activities in the nearby Manzano Mountains and Cibola National Forest, with limited commercial shopping or dining within a 3-mile radius.
The rental market is extremely thin with very low inventory and limited turnover, making it difficult to establish a consistent rent trajectory.
The local economy is primarily agricultural and rural-service based, with most residents commuting to larger hubs for employment.
Public transit is non-existent in this rural area; residents are entirely dependent on personal vehicles for transportation.
There are no major approved or under-construction development projects reported for this ZIP code.
Torrance County Assessor manages property valuations; assessments are generally stable with infrequent market-driven adjustments.
Parcels are primarily served by basic county services and the Mountainair Public Schools district.
Property insurance premiums are influenced by rural fire-response times and wildfire risk exposure.
New Mexico is a judicial foreclosure state requiring court intervention for the foreclosure process.
Sellers are required to provide a written disclosure statement regarding the condition of the property to the buyer.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Manzano Mountains State Park4.65.2 mi
- Fourth of July Trailhead4.77.9 mi
- Manzano Mountains State Park4.65.2 mi
- Fourth of July Trailhead4.77.9 mi
- Albuquerque International Sunport4.428.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive hiking and outdoor recreation access bordering the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.