HousingHandbookReference data

U.S. ZIP Code · NM87301

McKinley County

Typical home value

$223,532[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.4%
5-year / yr
+2.7%
10-year / yr
+3.3%

Relative price

vs U.S.
-21.3%
vs metro
vs state
-20.0%
ZIP 87301 location in NM
Location of ZIP 87301 in NM

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 87301 is worth $223,532. Over the past year, values have risen 1.4%. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.8%[3]
Typical annual tax
$1,872[3]

#Climate risk

FEMA National Risk Index ratings for McKinley County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
No Rating
Heat wave
Relatively Low
Hurricane
No Rating
Tornado
Very Low
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
21,755[3]
Median household income
$58,772[3]

#Migration

Household moves in and out of McKinley County over a year, from IRS tax-return data.

Net migration
-479[5]
Moved in
944
Moved out
1,423

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
19
Elementary
8
Middle
3
High
6
  • MIYAMURA HIGH SCHOOL

    High · Grades 9–12 · GALLUP

    1,387 students

  • GALLUP HIGH

    High · Grades 9–12 · GALLUP

    994 students

  • HOZHO ACADEMY

    Other · Grades K–10 · HOZHO ACADEMY

    685 students

  • JOHN F. KENNEDY MIDDLE

    Middle · Grades 6–8 · GALLUP

    656 students

  • CHIEF MANUELITO MIDDLE

    Middle · Grades 6–8 · GALLUP

    616 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,130
Loan principal$178,826
Down payment$44,706
Total interest paid$228,082

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,473
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 87301?
The typical home in 87301 is worth $223,532, based on the Zillow Home Value Index.
Are home values rising in 87301?
Home values in 87301 are up 1.4% over the past year, and up 2.7% a year over five years.
What is the property tax rate in 87301?
The effective property tax rate in 87301 is 0.8% — roughly $1,872 a year on a typical home.
Who lives in 87301?
ZIP code 87301 has a population of 21,755 and a median household income of $58,772.

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