HousingHandbookReference data

U.S. ZIP Code · NM87701

San Miguel County

Typical home value

$241,761[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+10.9%
5-year / yr
+4.7%
10-year / yr
+5.1%

Relative price

vs U.S.
-14.9%
vs metro
vs state
-13.5%
ZIP 87701 location in NM
Location of ZIP 87701 in NM

Price history

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

The typical home in 87701 is worth $241,761. Over the past year, values have risen 10.9%. The effective property tax rate is 0.5%.

#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
0.5%[3]
Typical annual tax
$1,322[3]

#Climate risk

FEMA National Risk Index ratings for San Miguel 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 Moderate
Drought
Relatively Low
Heat wave
Very Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Very Low
Winter weather
Relatively Moderate

#Who lives here

Population
17,339[3]
Median household income
$49,920[3]

#Migration

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

Net migration
-30[5]
Moved in
512
Moved out
542

Schools

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

Public schools
13
Elementary
6
Middle
4
High
3
  • WEST LAS VEGAS HIGH SCHOOL

    High · Grades 9–12 · WEST LAS VEGAS

    406 students

  • ROBERTSON HIGH

    High · Grades 9–12 · LAS VEGAS CITY

    350 students

  • LOS NINOS ELEMENTARY

    Elementary · Grades PK–3 · LAS VEGAS CITY

    327 students

  • WEST LAS VEGAS MIDDLE SCHOOL

    Middle · Grades 6–8 · WEST LAS VEGAS

    297 students

  • LUIS E. ARMIJO ELEMENTARY

    Elementary · Grades PK–1 · WEST LAS VEGAS

    241 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$1,222
Loan principal$193,408
Down payment$48,352
Total interest paid$246,682

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$1,535
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 87701?
The typical home in 87701 is worth $241,761, based on the Zillow Home Value Index.
Are home values rising in 87701?
Home values in 87701 are up 10.9% over the past year, and up 4.7% a year over five years.
What is the property tax rate in 87701?
The effective property tax rate in 87701 is 0.5% — roughly $1,322 a year on a typical home.
Who lives in 87701?
ZIP code 87701 has a population of 17,339 and a median household income of $49,920.

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