87557 — Taos County, New Mexico Market Snapshot
Housing market data for zip code 87557 in Taos County, New Mexico. Updated monthly with median prices, days on market, and more.
Market Sales Data
18 sales in 2026 (year to date)
Median Sale Price
$550,801
Days to Sell
114
Homes Sold
18
Inventory
40
Sale-to-List
96.6%
New Listings
24
Price/SqFt
$305
Pending Sales
19
Conforming Loan Available
Most homebuyers in 87557 can comfortably use conventional financing. The median home price of $550,801 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 114 days on average, 87557 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 87557 sells for 3.4% below asking price (96.6% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 87557 can comfortably use conventional financing. The median home price of $550,801 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 87557 are set at the county level.
2026 Loan Limits — Taos 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 87557
To purchase the median home at $550,801 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,370.
Monthly Payment
$4,370
Income Required
$187,288
Principal & Interest
$3,394/mo
Down Payment (5%)
$27,540
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 87557.
Estimated Monthly Payment
$3,559
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