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Affordable
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These days, finding an affordable place to live in the 87001 area can be challenging. Home prices in 87001 are now at a median cost of $225,235, lower than the New Mexico average of $265,486.
The average cost of rent is $1,446/mo in 87001, primarily driven by the current value of real estate in the 87001 area. In 87001, 9.85% of households rent, and 63.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87001 is $5,828 per month. Households that rent pay about 24.82% of their income on rent here. 87001’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 87043, NM: higher priced homes
- 87052, NM: less expensive homes
- 87004, NM: higher priced homes
- 87041, NM: less expensive homes
- 87144, NM: higher priced homes
- 87010, NM: higher priced homes
- 87053, NM: less expensive homes
- 87508, NM: higher priced homes
- 87540, NM: higher priced homes
- 87535, NM: higher priced homes
Zip Codes with Similar Populations
- 62613, IL: less expensive homes
- 23690, VA: higher priced homes
- 62060, IL: less expensive homes
- 55006, MN: equally priced homes
- 62321, IL: less expensive homes
- 56055, MN: equally priced homes
- 55779, MN: higher priced homes
- 55382, MN: higher priced homes
- 55073, MN: higher priced homes
- 55055, MN: higher priced homes
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