Affordable
Expensive
Expensive
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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 $157,402, lower than the New Mexico average of $199,923.
The average cost of rent is $711/mo in 87005, primarily driven by the current value of real estate in the 87005 area. While nearly 23.17% of residents own their homes outright in 87005, 15.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87005 is $5,120 per month. Households that rent pay about 13.89% of their income on rent here. 87005's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 87021, NM: less expensive homes
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- 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: less expensive homes
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- 26575, WV: less expensive homes
- 26714, WV: higher priced homes
- 29816, SC: less expensive homes
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