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Affordable
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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 $252,531, lower than the New Mexico average of $265,486.
The average cost of rent is $637/mo in 87012, primarily driven by the current value of real estate in the 87012 area. In 87012, 3.26% of households rent, and 89.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87012 is $4,295 per month. Households that rent pay about 14.83% of their income on rent here. 87012’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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
- 87064, NM: less expensive homes
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- 87537, NM: higher priced homes
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Zip Codes with Similar Populations
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