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Affordable
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These days, finding an affordable place to live in the 87005 area can be challenging. Home prices in 87005 are now at a median cost of $160,739, lower than the New Mexico average of $265,486.
The average cost of rent is $784/mo in 87005, primarily driven by the current value of real estate in the 87005 area. In 87005, 5.07% of households rent, and 40.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87005 is $4,917 per month. Households that rent pay about 15.94% of their income on rent here. 87005’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern 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
- 87021, NM: less expensive homes
- 87045, NM: less expensive homes
- 87020, NM: equally priced homes
- 87051, NM: equally priced homes
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- 87040, NM: less expensive homes
- 87326, NM: less expensive homes
- 86508, AZ: less expensive homes
- 86506, AZ: less expensive homes
- 87120, NM: higher priced homes
Zip Codes with Similar Populations
- 87577, NM: higher priced homes
- 24599, VA: higher priced homes
- 24879, WV: less expensive homes
- 25031, WV: less expensive homes
- 25107, WV: less expensive homes
- 25565, WV: less expensive homes
- 25692, WV: less expensive homes
- 26575, WV: less expensive homes
- 26714, WV: equally priced homes
- 29816, SC: less expensive homes
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