Flood insurance cost · ZIP 87068 · NM
Flood insurance cost in ZIP 87068 (Bosque Farms, NM)
What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 366 home policies in force on August 31, 2026.
Median annual cost of NFIP flood insurance for a home
$670a year
Half of insured homes paid between $564 and $864. That is 37% less than the Valencia County median ($1,069). Most insured homes here are rated in zone AE (99%).
This is what policyholders paid, not a quote. Two neighbors can pay very different prices: NFIP prices depend on the building (elevation, foundation, number of floors, replacement cost), the coverage and deductible chosen and the distance to water (FEMA FloodSmart: premium factors). For a price for your building, ask an insurance agent. Private flood insurance is not included in these figures.
Cost by flood zone in ZIP code 87068
The flood zone on FEMA's map is one of the main price factors. Median and middle half of what insured homes paid, by the zone used to rate the policy.
| Flood zone | Median | Middle half (25th–75th percentile) | Average | Policies | vs last year |
|---|---|---|---|---|---|
| Zone AE High risk | $667 | $564–$861 | $830 | 361 (99%) | −0.3% |
Not shown (fewer than 10 home policies): VE, A, AO, AH, A99/AR, X, D. Shares are of all insured homes; a few policies have no rated zone. "vs last year" compares medians with policies in force a year earlier.
Cost by type of building
All NFIP policies in force in ZIP code 87068, by what they insure.
| Type of building | Policies | Median | Average |
|---|---|---|---|
| Single-family home | 335 | $690 | $844 |
| Manufactured (mobile) home | 31 | $519 | $721 |
Not shown (fewer than 10 policies): 2–4 unit building, condo or apartment unit, whole residential building (5+ units or condo association), non-residential building or unit.
One year on: ZIP code 87068
Policies in force on August 31, 2026 compared with a year earlier. Nationwide, practically all policies in both years carry FEMA's Risk Rating 2.0 occupancy codes, so both years use the same pricing system. The policies are not the same: some were new, some lapsed.
| Aug 31, 2025 | Aug 31, 2026 | Change | |
|---|---|---|---|
| Home policies in force | 368 | 366 | −0.5% |
| Median annual cost | $670 | $670 | ±0.0% |
| Average annual cost | $810 | $834 | +3.0% |
| All policies in force (any building) | 376 | 372 | −1.1% |
Flood claims history
Fewer than 10 NFIP flood claims have been recorded in ZIP 87068 since 1978, so we do not show claim figures here.
NFIP communities in this ZIP code
Bosque Farms (362 home policies). A ZIP code can cross city and county lines; each policy is counted once, in the ZIP code reported for the insured building.