87008, Cedar Crest, NM Housing Market

ZIP code 87008's median home value is $462K, up 6.4% over the past year. Homes here sell in a median 49 days. Its PropertyIQ Score of 38 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

87008, Cedar Crest, NM is one of nearly 20,000 U.S. ZIP codes that PropertyIQ analyzes with AI-powered demand signal scoring. ZIP-level analysis provides the most hyperlocal view of housing market dynamics available, measuring how demand within 87008 compares to the NM state average and identifying outperformance potential before it appears in price data.

Mountain West ZIP codes experienced explosive growth through 2022, with dramatic variation in post-boom performance. PropertyIQ's ZIP-level scores separate neighborhoods with sustained demand from those experiencing corrections, providing the hyperlocal precision investors need in volatile markets. Within the Mountain West, ZIP code 87008's PropertyIQ Score of 38 runs below the Mountain West norm.

For 87008, Cedar Crest, NM, PropertyIQ updates a hyperlocal score each month from four signals: twelve-month and three-month Zillow home-value momentum, Realtor.com median days on market, and the Realtor.com share of price-reduced listings. The score is computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a value above 50 means this ZIP's demand dynamics read stronger than its state. ZIP-level analysis captures neighborhood variation that county and metro scores smooth over.

Explore 87008, Cedar Crest, NM's full market profile including ZIP-level score trends, home value data, and comparisons with neighboring ZIP codes. Use the interactive map to visualize demand signals across the area and identify hyperlocal investment opportunities.