The story of this market
The typical home in ZIP 87901 sells for about $128,700, or $118 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 145 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 87901 — Truth or Consequences
The housing market in 87901 remains stable with low inventory and modest price appreciation. Market activity is driven by retirees and lifestyle buyers attracted to the area's affordability and natural amenities. Figures for months of supply and specific sales counts are based on limited local reporting.
This ZIP is well-suited for retirees, remote workers seeking an affordable lifestyle, and outdoor enthusiasts who value proximity to lakes and hot springs.
Median prices moved up 2.5% year over year.
Homes spend a median of 145 days on market with 6.5 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.2% · poverty 21.5% — 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 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 87901, Sierra County NM
Crime rates in Truth or Consequences are generally consistent with rural New Mexico averages, with property crime being the primary concern.
Schools in the area are served by the Truth or Consequences Municipal School District, which generally faces challenges typical of small, rural districts in New Mexico.
The area faces moderate wildfire risk and occasional flash flooding concerns due to the arid climate and proximity to the Rio Grande.
Economic momentum is driven by tourism, the nearby Spaceport America, and local government services, though large-scale industrial development remains limited.
Property taxes are assessed by Sierra County; the rate is determined by local mill levies which support schools, the county, and municipal services.
Commuting is primarily by personal vehicle, with limited public transit options; the area is relatively isolated from major metropolitan employment hubs.
The area is famous for its natural hot springs, proximity to Elephant Butte Lake State Park for water recreation, and access to desert hiking trails.
The rental market is tight with limited inventory, often influenced by short-term rental demand related to tourism and the hot springs industry.
The economy is anchored by tourism, healthcare, and government services, with Spaceport America serving as a unique regional economic driver.
Transportation is heavily reliant on I-25 for regional connectivity; there is no significant public transit infrastructure.
Development is largely focused on small-scale commercial revitalization in the downtown hot springs district.
The Sierra County Assessor manages property valuations based on market sales and state-mandated assessment cycles.
Parcels are subject to Truth or Consequences Municipal School District taxes and various county-level service districts.
Property insurance premiums are rising due to regional wildfire risks and the general hardening of the insurance market in New Mexico.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement detailing known material defects.
Data retrieved from data.census.gov ZCTA 87901 profiles.
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.
- Elephant Butte Lake State Park4.58.6 mi
- Sidekixx: Kitchen, Bar, & Bowling4.60.7 mi
- Geronimo Springs Museum4.70.1 mi
- El Cortez Theater4.70.2 mi
- Veterans Memorial Park4.80.8 mi
- Geronimo Springs Museum4.70.1 mi
- Ingo's Art Cafe4.70.1 mi
- Veterans Memorial Park4.80.8 mi
- Elephant Butte Lake State Park4.58.6 mi
- Carole Wheeler Dog Park4.50.2 mi
- Veterans Memorial Park4.80.8 mi
- Marina Del Sur4.44.7 mi
- Turtleback Mountain Golf & Resort4.62.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
New Mexico's largest state park, offering boating, fishing, and camping.
A historic district featuring numerous natural mineral hot springs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.