Housing in Keeler Farm

A typical Keeler Farm home is worth roughly $175,000

Home prices around Keeler Farm have risen about 58% over the past 5 years.

Typical home value

$175K

▼ 1.9% in a year · NM $318K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$602

NM $1,731

What kind of housing town is Keeler Farm?

Read from the numbers below. The page puts what stands out first.

Your money goes further45% below the New Mexico typical home.

★ What stands out · Affordability

A typical home costs 4 years of income

Less than across New Mexico (5 years). Try your own numbers below.

You could afford about

$184,000

Typical Keeler Farm home $175K

That covers a typical Keeler Farm home, with $8K to spare.

The typical home, each month

$980

Loan $870Tax $60Insurance $50

A two-bedroom rents for about $970 a month here, $10 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Keeler Farm’s typical property tax (0.42% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 58% in 5 years

The federal house price index for the ZIP code around Keeler Farm rose 58% over the past 5 years, faster than across New Mexico (50%). Last year prices fell 1.9%. Carrying the Census median home value forward with that index puts the typical Keeler Farm home at roughly $175,000 today.

Keeler Farm areaNew Mexico

−1.9%

past year

+58%

past 5 years

+75%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $175K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Keeler Farm, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $970

Fair Market Rent a month, utilities included

Studio$670

1 bedroom$780

2 bedrooms$970

3 bedrooms$1,280

4 bedrooms$1,530

37%

of households rent · NM 30%

renter households

100%

of renters spend 30%+ of income on rent · NM 50%

27%

of the median income, for a two-bedroom

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Luna County, NM): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

63% of Keeler Farm households own their home

Half of Keeler Farm’s homes were built before 1983.

Owners and renters

Own 63%Rent 37%

New Mexico: 70% own.

1983

typical home built · NM 1985

$602

median property tax bill · NM $1,731

0.42%

of a home’s value, a year in tax · NM 0.70%

U.S. Census Bureau, American Community Survey 2020-2024.

Neighbors talk housing

What Keeler Farm buyers, sellers and renters are saying.

Town Square →

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Is Keeler Farm still affordable for young families?

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.