87832, San Antonio, NM

The San Antonio, NM 87832 zip code has a population of around 210,000 people and is located in the southwestern part of the state. Home prices in this area have increased significantly over the past few years, with median home prices reaching $269,000 as of September 2017. This represents a growth rate of over 20% since 2016.

One reason for this increase in home prices is that there are a lot of homes available for sale in the 87832 zip code. In addition, many people who live in this area are able to afford to buy homes because they have good incomes and access to credit. Another factor that has contributed to the increase in home prices is the low unemployment rate in San Antonio, which has made it more difficult for people to find jobs.

Despite these positive factors, there are some risks associated with buying a home in the 87832 zip code. For example, if you don't have enough money saved up to cover your down payment or if you lose your job and can't afford your mortgage payments, you could end up losing your home. Additionally, if interest rates rise significantly from their current levels, it could be harder for homeowners who owe a lot of money on their mortgages to keep their homes.