New Mexico

Union County

ZIP 88415

4,039 residents$45,319 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$135,900

ACS 5-Year

Cap rate proxy

5.7%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.2%

HUD FMR ÷ ACS HHI

Net migration

IRS SOI

Permits (TTM)

Census BPS

Climate risk

12.1

FEMA NRI (0–100)

ZIP 88415

Median home value

$113,384

Gross yield

10.3%

Cap rate

6.9%

Rent gap

33.2%

Affordability

P/I: 2.5R/I:

Section 8 detail

SAFMR: $973Rent: $650Gap: 49.7%
ZIP code breakdown7 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
88410$135,900county est.$9738.6%5.7%33.2%
88415$113,384$97310.3%6.9%33.2%
88418$135,900county est.$9738.6%5.7%33.2%
88419$135,900county est.$9738.6%5.7%33.2%
88422$135,900county est.$9738.6%5.7%33.2%

Ranked by composite score

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Demographics

Owner-occupied

68.2%

Census ACS

Vacancy rate

28.1%

Census ACS

Bachelor's degree +

18.1%

Census ACS

Rent burdened

16.5%

Census ACS (>30% income)

Median age

40.3

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026