The story of this market
The typical home in ZIP 88417 sells for about $145,000, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 128 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 88417 — Cuervo
The housing market in 88417 remains stable with low inventory and modest price appreciation. Activity is driven by local demand and limited new construction, resulting in a slow-paced market environment.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and individuals employed in local agriculture or remote work.
Median prices moved up 2.4% year over year.
Homes spend a median of 128 days on market with 8.2 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 19.2% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 88417, Quay County NM
Crime rates in this rural area are generally low compared to state and national averages, with property-related incidents being the most common reports.
Schools serving this area are part of the local rural district, which maintains modest performance ratings and focuses on small class sizes.
The area faces moderate risk from wildfire and wind events, typical for the high-desert climate of the region.
Economic momentum is limited, with the area primarily supported by local agriculture and small-scale service industries.
Property taxes are assessed at the county level based on local millage rates, with standard exemptions available for primary residences and agricultural land.
Commutes are primarily by private vehicle, with long drive times to the nearest regional employment hubs.
Recreation is centered on outdoor activities, including access to nearby public lands, trails, and local community parks.
The rental market is characterized by low inventory and limited turnover, with most units being single-family homes.
The local economy is heavily reliant on agriculture, ranching, and essential public services.
Transportation is entirely dependent on personal vehicles, with no public transit infrastructure available.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The county appraisal district conducts annual assessments based on market value, with agricultural exemptions applied to qualifying land.
Parcels are subject to local school district taxes and county-wide hospital district levies.
Property insurance premiums are influenced by the area's rural location and exposure to wildfire risks.
Net domestic migration is stable, with modest population shifts typical of rural New Mexico.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known material defects.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Route 66 Auto Museum4.618.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community park providing green space and picnic areas.
Major regional attraction for boating, fishing, and camping located nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.