The story of this market
The typical home in ZIP 88062 sells for about $165,000, or $132 per square foot.
Prices are up +1.2% 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 88062 — Silver City
The housing market in 88062 remains stable with low inventory and modest price appreciation. Market activity is driven by local demand rather than speculative investment, resulting in a balanced but slow-moving environment.
This ZIP is best suited for budget-conscious families, retirees seeking a quiet rural lifestyle, and workers in the local agricultural or logistics sectors. It is less attractive to commuters or those seeking high-density urban amenities.
Median prices moved up 1.2% year over year.
Homes spend a median of 88 days on market with 3.0 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · 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 6.3%/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 5.7%/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 88062, Luna County NM
Crime rates in this area are generally consistent with rural New Mexico averages, with property crime being the primary concern. Local law enforcement maintains a stable presence, though residents often report higher vigilance in more isolated sections of the ZIP.
Schools serving this area are part of the Deming Public Schools district, which generally faces challenges with funding and student performance metrics compared to state averages. Educational outcomes are considered moderate, with ongoing efforts to improve literacy and graduation rates.
The area is characterized by a high-desert climate with significant exposure to extreme heat and occasional flash flooding during monsoon season. Property insurance premiums are influenced by wildfire risk and wind damage potential common to the region.
Economic momentum is driven primarily by agriculture, mining, and logistics, with limited new residential development. Infrastructure improvements are focused on maintaining regional highway connectivity rather than large-scale urban expansion.
Property taxes are assessed by the county based on a millage rate applied to the taxable value of the property. The jurisdiction includes standard school district and county levies, with no significant special district assessments like MUDs or PIDs reported.
Commuting is primarily car-dependent, with residents traveling via regional highways to reach employment centers in Deming or nearby industrial hubs. Public transit options are virtually non-existent, making personal vehicle ownership essential.
Recreational opportunities are centered on outdoor activities such as hiking and off-roading in the surrounding desert landscape. Local amenities are limited, with basic shopping and dining concentrated in the nearby city center.
The rental market is characterized by low inventory and high demand for affordable housing, with rents remaining relatively stable. There is minimal short-term rental presence, and the market is dominated by long-term residential leases.
The economy is anchored by agriculture, government services, and regional logistics. Employment growth is modest, with a focus on maintaining existing industrial and farming operations.
Transportation relies heavily on private vehicles, with major highway corridors providing the primary link to regional employment centers. There is no significant public transit infrastructure.
Development is largely stagnant, with no major commercial or residential projects currently in the pipeline. Planning efforts are focused on infrastructure maintenance.
The county appraisal district conducts annual assessments based on market value, with limited turnover in property ownership affecting valuation trends.
Parcels are subject to standard school district and county-level taxes, with no complex special district overlays reported.
Property insurance costs are rising due to regional wildfire risks and the general hardening of the insurance market in the Southwest.
Data retrieved from 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.
- Little Toad Creek Brewery & Distillery4.517.3 mi
- Lake Roberts4.87 mi
- Whiskey Creek Zócalo4.717.1 mi
- Gila Cliff Dwellings Bookstore Western National Parks Association4.814.5 mi
- Silver City Museum4.617.2 mi
- The Big Ditch4.417.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular destination for hiking and mineral collecting located within the region.
Features local history and cultural exhibits serving the broader community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.