Is Alcalde, NM 87511 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Alcalde is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Alcalde housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Rio Arriba County, NM

Population	3,108
Median income	$70,346
Average income	$84,565
Median home value	$237,900
Median rent	$654/month
Owner-occupied	84% of homes
Median year built	1993

Natural hazard riskWildfire (relatively high), winter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 87511; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 87511

Prefilled for 87511Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87511Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Abiquiu 87510Buyer’s market $209 /sq ft Blanco 87412Buyer’s market $156 /sq ft Canjilon 87515 — /sq ft Canones 87516 $347 /sq ft Browse all markets →

Towns like Alcalde nearby

Find towns like Alcalde in other states →

Chimayo, NM87522 · 8 miles away68% similarolder residents · more single-family homes Espanola, NM87532 · 7 miles away66% similarlarger · older homes Ohkay Owingeh, NM87566 · 3 miles away62% similaryounger residents · 12 min shorter commute Penasco, NM87553 · 20 miles away60% similarcheaper homes ($35K less) · smaller

Where Alcalde is

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Questions about Alcalde real estate

What are property taxes in Alcalde?

About 0.42% of a home’s value a year in Rio Arriba County, or roughly $1,680 on a $400,000 home.

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More tools for 87511

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Rio Arriba County property taxes Rio Arriba County loan limits Closing costs in New Mexico Hottest ZIP codes in New Mexico

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology