Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 87012 area can be challenging. Home prices in 87012 are now at a median cost of $245,377, higher than the New Mexico average of $199,923.
The average cost of rent is $676/mo in 87012, primarily driven by the current value of real estate in the 87012 area. While nearly 96.34% of residents own their homes outright in 87012, 15.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87012 is $2,891 per month. Households that rent pay about 23.39% of their income on rent here. 87012's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 87064, NM: equally priced homes
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- 87510, NM: equally priced homes
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- 87566, NM: higher priced homes
Zip Codes with Similar Populations
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