The story of this market
The typical home in ZIP 88061 sells for about $279,000, or $173 per square foot.
Prices are up +2.5% 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 $1,150 a month.
ZIP 88061 — Silver City
The housing market in 88061 remains stable with modest year-over-year price appreciation. Inventory levels are sufficient for current demand, though the market is characterized by a high share of older housing stock and a significant renter population. Figures for specific metrics like price-cut percentages are not published at the ZIP level and are omitted.
This ZIP is well-suited for retirees, outdoor enthusiasts, and university-affiliated professionals seeking a lower cost of living. It is less ideal for those requiring high-density urban amenities or extensive public transit.
Median prices moved up 2.5% year over year.
Homes spend a median of 88 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 23.7% — 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 7.4%/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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 88061, Grant County NM
Crime rates in Silver City are generally consistent with regional averages for rural New Mexico, though property crime remains a primary concern for local law enforcement. Trends have remained relatively stable over the past several reporting periods.
Public schools in the area are primarily served by the Silver Consolidated School District, which faces challenges typical of rural districts including funding constraints and student performance variability.
The area faces moderate wildfire risk due to its proximity to the Gila National Forest and high-desert terrain. Flood risk is localized, primarily affecting areas near seasonal arroyos.
Economic momentum is driven by Western New Mexico University, healthcare services, and tourism related to the Gila National Forest. Infrastructure development is limited, focusing primarily on maintenance of existing regional corridors.
Property taxes are administered by Grant County based on assessed valuations, with rates influenced by local school district and municipal levies. New Mexico does not impose a state-level property tax, and exemptions are available for veterans and heads of household.
Commutes are generally short due to the town's compact nature, with most residents traveling less than 20 minutes to reach local employment hubs. Public transit options are minimal, making personal vehicle ownership essential.
The area is a gateway to the Gila National Forest, offering extensive hiking, biking, and outdoor recreation. Local amenities include historic downtown shopping, community parks, and proximity to the Gila Cliff Dwellings.
The rental market is characterized by low vacancy rates and limited new inventory, with demand supported by university students and seasonal workers. Short-term rentals have seen a modest increase in presence due to tourism.
The economy is anchored by Western New Mexico University, Gila Regional Medical Center, and the mining and tourism sectors. It serves as the primary commercial hub for Grant County.
Transportation relies on US Highway 180 and NM Highway 90, which connect the area to regional hubs. There is no significant public transit infrastructure.
Development is primarily focused on small-scale residential infill and historic preservation projects within the town limits.
The Grant County Assessor manages property valuations, which are updated annually based on market sales data and property inspections.
Parcels are subject to Silver Consolidated School District taxes and various municipal service fees.
Property insurance premiums are rising due to increased wildfire risk in the surrounding high-desert and forest interface areas.
Data retrieved from Census Reporter and US Census Bureau ZCTA 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.
- Silver City Museum4.66.2 mi
- Gough Park4.56.7 mi
- Penny Park4.66.8 mi
- Silver Bowling Center4.27.8 mi
- The Big Ditch4.46.3 mi
- Whiskey Creek Zócalo4.79.9 mi
- Silver City Museum4.66.2 mi
- The Big Ditch4.46.3 mi
- Gough Park4.56.7 mi
- Dragonfly Trail Petroglyphs4.711.1 mi
- Penny Park4.66.8 mi
- Boston Hill Open Space4.75.4 mi
- Silver City Dog Park4.36.6 mi
- Albertsons4.38 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive wilderness area offering hiking, camping, and scenic vistas.
Major regional employer and cultural hub.
Features local galleries, restaurants, and historic architecture.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.