88112, Broadview, NM

The 88112 zip code of Broadview, NM has a median home value of $127,000 and a median home equity value of $101,000. These values are lower than the statewide median home value of $177,500 and statewide median home equity value of $130,000. The 88112 zip code is also below the national median home value of $217,500 and national median home equity value of $142,000.

There are a number of factors that could contribute to the lower values in the 88112 zip code. One possibility is that there are fewer homes available for sale in this area than in other parts of the state or country. Another possibility is that there are more homes being sold for less than their true market value due to problems with the property such as structural issues or zoning restrictions. Whatever the reason may be, it appears that homeownership rates in this area are lower than they are elsewhere in New Mexico and across the nation. This could lead to slower growth in home values over time if no new homes are built to replace those that become vacant or if prices do not increase sufficiently to cover increased costs associated with living in this area.