Housing in Ponderosa Pine

A typical Ponderosa Pine home is worth roughly $350,000

Home prices around Ponderosa Pine have risen about 45% over the past 5 years.

Typical home value

$350K

▲ 0.9% in a year · NM $318K

Estimate

2-bedroom rent

$1,350

a month, utilities in · HUD

Median tax bill

$1,967

NM $1,731

What kind of housing town is Ponderosa Pine?

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

A town of owners93% of households own their home.

★ What stands out · The homes

93% of Ponderosa Pine households own their home

Half of Ponderosa Pine’s homes were built before 1985.

Owners and renters

Own 93%Rent 7%

New Mexico: 70% own.

1985

typical home built · NM 1985

$1,967

median property tax bill · NM $1,731

0.63%

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

of homes are seasonal or vacation homes

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

Price trend

Home prices up 45% in 5 years

The federal house price index for the ZIP code around Ponderosa Pine rose 45% over the past 5 years, slower than across New Mexico (50%). Last year prices rose 0.9%. Carrying the Census median home value forward with that index puts the typical Ponderosa Pine home at roughly $350,000 today.

Ponderosa Pine areaNew Mexico

+0.9%

past year

+45%

past 5 years

+83%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $350K.

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

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

$352,000

Typical Ponderosa Pine home $350K

That covers a typical Ponderosa Pine home, with $2K to spare.

The typical home, each month

$2,020

Loan $1,730Tax $180Insurance $100

A two-bedroom rents for about $1,350 a month here, $670 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Ponderosa Pine’s typical property tax (0.63% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,350

Fair Market Rent a month, utilities included

Studio$960

1 bedroom$1,110

2 bedrooms$1,350

3 bedrooms$1,830

4 bedrooms$2,080

of households rent · NM 30%

renter households

100%

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

19%

of the median income, for a two-bedroom

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

Next door

Ponderosa Pine vs. its neighbors

The towns that share a border with Ponderosa Pine. Tap one to see its housing page.

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Ponderosa Pine	$350K*	+0.9%†	$1,350	$87,361
Cedro	—	+0.9%†	$1,350	$121,766

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Ponderosa Pine buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Ponderosa Pine still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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.