The story of this market
The typical home in ZIP 88341 sells for about $329,000, or $439 per square foot.
Homes take about 180 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 88341 — Nogal
The market in 88341 is characterized by extremely low inventory and limited transaction volume, typical of a remote rural mountain community. Prices remain stable with little evidence of speculative activity or significant price adjustments. Market conditions are driven by lifestyle buyers rather than economic growth or development momentum.
This ZIP is best suited for retirees or those seeking rural, mountain living who prioritize privacy and outdoor access over proximity to urban amenities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 180 days on market with 12.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 11.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 88341, Lincoln County NM
The area is located in a high-risk wildfire zone typical of the Lincoln National Forest region.
Growth is limited by the rural, mountainous geography of the Lincoln National Forest with minimal new commercial development.
Property taxes are assessed by Lincoln County based on local millage rates; no specific special district data is published for this ZIP.
Commutes are primarily by private vehicle to Ruidoso or Carrizozo via NM-37 or US-380.
The area offers immediate access to the Lincoln National Forest for hiking, hunting, and outdoor recreation.
The rental market is extremely limited with very low inventory and minimal turnover.
The local economy is primarily driven by tourism, forestry, and small-scale agriculture.
Public transit is not available; residents rely entirely on personal vehicles for transportation.
No major commercial or residential developments are currently approved or under construction.
Lincoln County Assessor manages property valuations for the area.
Parcels are served by local school and county-level taxing districts.
Property insurance premiums are elevated due to significant wildfire risk in the region.
Data retrieved from Census Bureau ZCTA profiles.
Provides extensive trails and wilderness access surrounding the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.