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Springer 87747

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.New Mexico
$40K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
1
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$88K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Oct 2023 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
202120222023
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
202120222023
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
202120222023
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
202120222023
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
201720182023202420252026

Housing Stock

HomesHow many homes we have records for in this area.714
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$88K
Median sizeThe middle home size here, measured in square feet.1,332 ft²
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1940
Single familyThe share of homes here that are single-family houses.69%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.71%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.4.8%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.29%
Company ownedThe share of homes owned by a company or trust instead of a person.7.9%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.126.6 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.119
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.89
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.38

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.78%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.8.2%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.1,494
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$38K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$70K
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.16 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.76%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How Springer 87747 compares

By median home value, Springer 87747 is the 7th most expensive of 7 ZIP codes in Colfax County, and its typical home is worth more than 15% of all homes in Colfax County.

Home values in Springer 87747

Share of homes at each estimated value.

Median
$29K$455K
ZIP codes in Colfax County ranked by median home value
#Colfax CountyMedian valueHomes
1Angel Fire 87710$495K3,125
2Eagle Nest 87718$274K1,002
3Ute Park 87749$207K200
4Raton 87740$132K3,624
5Maxwell 87728$115K237
6Cimarron 87714$115K545
7Springer 87747$88K714

About the Springer 87747 market

What is the median home price in Springer 87747, NM?

The median sale price in Springer 87747, NM is $40,000 (data through October 2023), based on deeds recorded with the county.

How many homes sell in Springer 87747, NM each year?

1 homes sold in Springer 87747, NM over the last 12 months (data through October 2023). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Springer 87747, NM?

Springer 87747, NM contains 714 residential properties, with a median of 1,332 square feet, built around 1940. The median TopHap Estimate is $88K.

How does Springer 87747, NM compare to the rest of Colfax County?

By median home value, Springer 87747, NM is the 7th most expensive of 7 ZIP codes in Colfax County. Its typical home is worth more than 15% of all homes in Colfax County. Cimarron 87714 ranks just above it. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Springer 87747, NM?

29% of homes in Springer 87747, NM are owner-occupied. 8% are held by a company rather than an individual.

How much equity do owners in Springer 87747, NM hold?

71% of mortgaged homes in Springer 87747, NM are equity-rich, meaning the loan balance is under half the home's value. 4.8% owe more than the home is worth.

Nearby markets

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Explore Springer 87747 on the map

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