The story of this market
The typical home in ZIP 88053 sells for about $213,000, or $158 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $873 a month.
ZIP 88053 — Pinos Altos
The housing market in 88053 is characterized by low inventory and slow turnover, typical of a rural mountain community. Prices have seen modest appreciation, but the market remains highly sensitive to interest rates and insurance costs. There is no significant new development pipeline, keeping supply constrained.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking a quiet, rural lifestyle, as it lacks the density and convenience required by typical commuters or families needing proximity to urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 112 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 4.2% · poverty 9.5% — a stable, low-distress 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 2.9%/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 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 88053, Grant County NM
Crime rates in the Pinos Altos area are generally low compared to regional averages in Grant County, with property crime being the primary concern.
Schools serving the area are part of the Silver Consolidated School District, which generally maintains average performance ratings within the state of New Mexico.
The area faces moderate wildfire risk due to its location in the Gila National Forest region, and residents are encouraged to maintain defensible space around properties.
Economic momentum is driven by tourism, local government, and the nearby mining and healthcare sectors in Silver City, with limited new residential development.
Property taxes are assessed by Grant County based on the state's millage rate system, with exemptions available for head-of-household and veterans as per New Mexico law.
Commuting is primarily by private vehicle, with a drive of approximately 15-20 minutes to reach the employment and service core of Silver City.
The area is a gateway to the Gila National Forest, offering extensive hiking, mountain biking, and outdoor recreation, with limited commercial shopping within the immediate ZIP.
The rental market is thin with low turnover, primarily serving seasonal workers or those seeking rural living; vacancy pressure is low but market depth is limited.
The economy is anchored by Silver City's role as a regional hub for healthcare, education (Western New Mexico University), and government services, supplemented by tourism.
Public transit is non-existent in this rural ZIP; residents rely entirely on personal vehicles for transportation.
There are no major large-scale residential or commercial developments currently approved or under construction within the 88053 ZIP code.
The Grant County Assessor manages property valuations, typically reassessing based on market sales data and state-mandated cycles.
Parcels are subject to Silver Consolidated School District taxes and local county-level service district levies.
Property insurance premiums are rising due to increased wildfire risk in the region, making coverage availability a key consideration for buyers.
New Mexico has seen modest net domestic migration, with rural areas like Grant County attracting retirees and remote workers.
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 comprehensive property disclosure statement covering known material defects, though the state is generally caveat emptor.
Data retrieved from US Census Bureau 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.
- Lake Roberts4.811.6 mi
- Silver City Museum4.67.7 mi
- Gough Park4.57.2 mi
- Penny Park4.67.1 mi
- Silver Bowling Center4.26.2 mi
- Whiskey Creek Zócalo4.76.2 mi
- Silver City Museum4.67.7 mi
- The Big Ditch4.47.6 mi
- Gough Park4.57.2 mi
- Dragonfly Trail Petroglyphs4.75.5 mi
- Penny Park4.67.1 mi
- Boston Hill Open Space4.78.4 mi
- Silver City Dog Park4.37.2 mi
- Albertsons4.36.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides vast access to hiking, camping, and outdoor recreation.
Local historical site showcasing the mining heritage of the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.