The story of this market
The typical home in ZIP 88426 sells for about $265,800, or $175 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 88426 — Moses
The housing market in 88426 is characterized by low transaction volume and a reliance on recreational demand from Ute Lake. Prices remain stable, though inventory is limited and days on market are high due to the rural nature of the area. Many specific metrics, such as precise monthly sales counts and permit data, are not published at the ZIP level.
This ZIP is best suited for retirees, vacation-home buyers, and outdoor enthusiasts who prioritize proximity to Ute Lake over proximity to major employment hubs.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 15.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 14.8% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 88426, Quay County NM
The area is primarily exposed to wildfire and wind risks common to the high plains of New Mexico, with localized flood risks near Ute Lake.
Economic momentum is largely tied to recreational tourism and local services centered around Ute Lake, with limited large-scale industrial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (New Mexico) — New Mexico Ad Valorem Property Tax: Tax is calculated by applying a tax rate (expressed in mills) to the net taxable value. The net taxable value is defined as one-third (33.33%) of the taxable value of the property.
Commuting is primarily car-dependent, with residents traveling to nearby Tucumcari for employment and essential services.
The area is anchored by Ute Lake State Park, which provides extensive opportunities for boating, fishing, and camping.
The rental market is limited and largely driven by seasonal demand from lake visitors and transient workers.
The local economy is heavily reliant on tourism, agriculture, and small-scale retail services.
Property insurance premiums are influenced by regional wildfire and wind exposure, with limited carrier availability in rural New Mexico.
Data retrieved from data.census.gov ZCTA-level tables.
A major regional destination for water sports, fishing, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.