Is Ohkay Owingeh, NM 87566 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Ohkay Owingeh 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 Ohkay Owingeh 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	2,684
Median income	$61,029
Average income	$77,399
Median home value	$238,500
Median rent	$743/month
Owner-occupied	80% of homes
Median year built	1983

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 87566; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 87566

Prefilled for 87566Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87566Over-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 Alcalde 87511 — /sq ft Blanco 87412Buyer’s market $156 /sq ft Canjilon 87515 — /sq ft Browse all markets →

Towns like Ohkay Owingeh nearby

Find towns like Ohkay Owingeh in other states →

Ranchos De Taos, NM87557 · 32 miles away72% similarpricier homes ($118K more) · larger Hernandez, NM87537 · 4 miles away69% similarolder residents Pecos, NM87552 · 40 miles away67% similarolder residents · 12 min longer commute Espanola, NM87532 · 4 miles away63% similarlarger · 10 min longer commute

Where Ohkay Owingeh is

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Questions about Ohkay Owingeh real estate

What are property taxes in Ohkay Owingeh?

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 87566

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