The story of this market
The typical home in ZIP 87935 sells for about $145,000, or $112 per square foot.
Prices are up +3.5% 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 $950 a month.
ZIP 87935 — Truth or Consequences
The housing market in 87935 is characterized by low inventory and slow turnover, typical of a rural, aging demographic. Prices have seen modest appreciation, but the lack of new development and limited economic drivers keep the market in a stable, neutral state. Figures for sale-to-list ratio and price cuts are based on limited recent transaction data.
This ZIP is best suited for retirees, remote workers, or those seeking a quiet, rural lifestyle. It is not ideal for commuters or those requiring proximity to urban amenities and high-density employment hubs.
Median prices moved up 3.5% year over year.
Homes spend a median of 88 days on market with 7.0 months of supply — a slower-moving market.
12% 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 19.5% — 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 3.7%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 87935, Sierra County NM
Crime rates in this rural area are generally low compared to state averages, with property crime being the primary concern. Local law enforcement reports stable trends, though limited resources can impact response times.
Schools serving this area are part of a small, rural district with limited extracurricular offerings and mixed academic performance ratings. Community engagement is high, but resources are constrained by the small tax base.
The area faces moderate wildfire risk during dry seasons and occasional flash flooding in low-lying arroyos. Property insurance availability is stable but premiums have seen upward pressure due to regional wildfire exposure.
Economic momentum is slow, driven primarily by agriculture, local government, and small-scale tourism. There is minimal new commercial development, and infrastructure investment is focused on basic maintenance.
Property taxes are assessed at the county level based on market value, with exemptions available for primary residences and agricultural land. There are no significant special district taxes like MUDs or PIDs reported for this ZIP.
Commutes are primarily by private vehicle, with residents traveling to nearby towns for employment. Public transit is not available, and travel times are long due to the rural road network.
Recreation is centered on outdoor activities, including access to nearby national forest lands, hiking trails, and local parks. Shopping and dining options are limited to small, locally-owned businesses in the immediate vicinity.
The rental market is thin with low turnover and limited inventory. Most rentals are single-family homes, and there is negligible short-term rental presence.
The economy is heavily reliant on tourism, agriculture, and public sector employment. There are no major corporate headquarters or large-scale industrial employers in the immediate area.
Transportation is entirely dependent on personal vehicles, with I-25 serving as the primary corridor for regional travel. There is no public transit infrastructure.
There are no major approved or under-construction developments of significant scale within this ZIP code.
The county appraisal district conducts annual assessments based on market sales data, with limited commercial property turnover.
Parcels are subject to standard county and school district taxes, with no complex MUD or PID structures.
Property insurance remains available, though premiums are sensitive to regional wildfire risk and the age of housing stock.
The state has seen modest net domestic migration gains, though rural areas like this ZIP often experience flat or slightly declining population trends.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically extends the timeline for lenders.
Sellers are required to provide a written disclosure statement regarding the condition of the property, including known material defects.
Data retrieved from data.census.gov ZCTA 87935 profile.
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 Park4.52.1 mi
- Sidekixx: Kitchen, Bar, & Bowling4.66.8 mi
- Geronimo Springs Museum4.77.4 mi
- El Cortez Theater4.77.4 mi
- Veterans Memorial Park4.88.1 mi
- Geronimo Springs Museum4.77.4 mi
- Ingo's Art Cafe4.77.6 mi
- Veterans Memorial Park4.88.1 mi
- Elephant Butte Lake State Park4.52.1 mi
- Carole Wheeler Dog Park4.57.5 mi
- Veterans Memorial Park4.88.1 mi
- Marina Del Sur4.44.2 mi
- Elephant Butte Reservoir4.63.9 mi
- Elephant Butte Reservoir4.63.9 mi
- Turtleback Mountain Golf & Resort4.64.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional attraction for boating and fishing located nearby.
Features local shops, galleries, and hot springs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.