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These days, finding an affordable place to live in the 87002 area can be challenging. Home prices in 87002 are now at a median cost of $129,633, lower than the New Mexico average of $199,923.
The average cost of rent is $823/mo in 87002, primarily driven by the current value of real estate in the 87002 area. While nearly 54.42% of residents own their homes outright in 87002, 20.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87002 is $4,264 per month. Households that rent pay about 19.29% of their income on rent here. 87002's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 87023, NM: higher priced homes
- 87060, NM: higher priced homes
- 87031, NM: higher priced homes
- 87006, NM: higher priced homes
- 87061, NM: equally priced homes
- 87036, NM: less expensive homes
- 87016, NM: equally priced homes
- 87063, NM: less expensive homes
- 88321, NM: less expensive homes
- 88353, NM: less expensive homes
Zip Codes with Similar Populations
- 07407, NJ: higher priced homes
- 98422, WA: higher priced homes
- 98043, WA: higher priced homes
- 97060, OR: higher priced homes
- 92106, CA: higher priced homes
- 91101, CA: higher priced homes
- 90732, CA: higher priced homes
- 85367, AZ: higher priced homes
- 33634, FL: higher priced homes
- 29403, SC: higher priced homes
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