87416 — Waterflow, NM Home Values
Typical home value $278,178 as of June 2026 · 5th of 10 in Farmington, NM
Blue: typical home value (Zillow ZHVI) in ZIP code 87416, June 2021 to June 2026. This page shows observed data only; no forecast.
How 87416 compares in the Farmington, NM area
ZIP code 87416 (Waterflow, NM) has a typical home value of $278,178 as of June 2026, ranking 5th of 10 ZIP codes tracked in the Farmington, NM area, more expensive than about 60% of ZIP codes in the metro. Prices here have moved +6.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +30.3%, from $213,432 in June 2021 to $278,178 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Farmington, NM forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Farmington.
Population and demographics
ZIP code 87416 has a population of 4,354, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 88.8% American Indian or Alaska Native, 4% White, 3.6% Hispanic or Latino, 3% two or more races, and 0.5% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| OJO AMARILLO ELEMENTARY | RD 6500 AND RD 6466, FRUITLAND, NM | 8.9 mi |
| Nenahnezad Community School | 6675 SJ County Road South, Fruitland, NM | 10.4 mi |
| KIRTLAND MIDDLE | 538 CR 6100, KIRTLAND, NM | 11.4 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 87416?
$278,178 as of June 2026, the latest month Zillow has published observed data for.
Is 87416 an expensive ZIP code in the Farmington, NM area?
87416 ranks 5th of 10 ZIP codes in the Farmington, NM area by typical home value, more expensive than about 60% of ZIP codes in the metro.
How much have home values in 87416 changed over the past year?
+6.6% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 87416?
4,354, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 87416?
OJO AMARILLO ELEMENTARY (8.9 mi), Nenahnezad Community School (10.4 mi), KIRTLAND MIDDLE (11.4 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 87416?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Farmington, NM forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.