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Milan 87021

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.New Mexico
$37K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
2
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$85K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Apr 2019 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
Apr
Growth (year over year)How much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.PriceSales
Apr
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
Apr
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
Apr
Preforeclosure filingsForeclosure notices filed each month. A rise can be an early sign that more owners are struggling. Auction stage counts the filings that reached a scheduled foreclosure auction.FilingsAuction stage
JulAprOct

Housing Stock

HomesHow many homes we have records for in this area.829
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$85K
Median sizeThe middle home size here, measured in square feet.1,120 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1977
Single familyThe share of homes here that are single-family houses.45%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.72%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.2.5%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.52%
Company ownedThe share of homes owned by a company or trust instead of a person.9.3%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.8.8 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.147
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.88
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.80

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.9.0%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.32%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.155
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.531 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$36K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$49K
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.11 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.76%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all ZIP codes nationally.

How Milan 87021 compares

By median home value, Milan 87021 is the 6th most expensive of 8 ZIP codes in Cibola County, and its typical home is worth more than 32% of all homes in Cibola County.

Home values in Milan 87021

Share of homes at each estimated value.

Median
$45K$299K
ZIP codes in Cibola County ranked by median home value
#Cibola CountyMedian valueHomes
1Cubero 87014$149K365
2Ramah 87321$138K336
3Grants 87020$118K4,227
4Pinehill 87357$110K275
5San Rafael 87051$106K483
6Milan 87021$85K829
7Bluewater 87005$70K369
8Thoreau 87323$54K363

About the Milan 87021 market

What is the median home price in Milan 87021, NM?

The median sale price in Milan 87021, NM is $37,150 (data through April 2019), based on deeds recorded with the county.

How many homes sell in Milan 87021, NM each year?

2 homes sold in Milan 87021, NM over the last 12 months (data through April 2019). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Milan 87021, NM?

Milan 87021, NM contains 829 residential properties, with a median of 1,120 square feet, 3 bedrooms, built around 1977. The median TopHap Estimate is $85K.

How does Milan 87021, NM compare to the rest of Cibola County?

By median home value, Milan 87021, NM is the 6th most expensive of 8 ZIP codes in Cibola County. Its typical home is worth more than 32% of all homes in Cibola County. San Rafael 87051 ranks just above it and Bluewater 87005 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Milan 87021, NM?

52% of homes in Milan 87021, NM are owner-occupied. 9% are held by a company rather than an individual.

How much equity do owners in Milan 87021, NM hold?

72% of mortgaged homes in Milan 87021, NM are equity-rich, meaning the loan balance is under half the home's value. 2.5% owe more than the home is worth.

Nearby markets

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Explore Milan 87021 on the map

See every recorded sale, price heat map, school zone and flood overlay across Milan 87021 in TopHap’s interactive 3D map.

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