87301 — McKinley County, New Mexico Market Snapshot
Housing market data for zip code 87301 in McKinley County, New Mexico. Updated monthly with median prices, days on market, and more.
Market Sales Data
22 sales in 2026 (year to date)
Median Sale Price
$247,449
Days to Sell
63
Homes Sold
22
Inventory
28
Sale-to-List
0.0%
New Listings
27
Price/SqFt
$137
Pending Sales
40
Conforming Loan Available
Most homebuyers in 87301 can comfortably use conventional financing. The median home price of $247,449 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 63 days on average, 87301 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 87301 sells for 100.0% below asking price (0.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 87301 can comfortably use conventional financing. The median home price of $247,449 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 87301 are set at the county level.
2026 Loan Limits — McKinley County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 87301
To purchase the median home at $247,449 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,046.
Monthly Payment
$2,046
Income Required
$87,680
Principal & Interest
$1,525/mo
Down Payment (5%)
$12,372
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 87301.
Estimated Monthly Payment
$1,681
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