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These days, finding an affordable place to live in the 87016 area can be challenging. Home prices in 87016 are now at a median cost of $152,843, lower than the New Mexico average of $265,486.
The average cost of rent is $871/mo in 87016, primarily driven by the current value of real estate in the 87016 area. In 87016, 16.98% of households rent, and 76.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87016 is $4,693 per month. Households that rent pay about 18.57% of their income on rent here. 87016’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern 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
- 87032, NM: equally priced homes
- 87061, NM: higher priced homes
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- 87031, NM: higher priced homes
- 87060, NM: higher priced homes
- 87002, NM: higher priced homes
- 88321, NM: less expensive homes
- 88353, NM: less expensive homes
- 88121, NM: equally priced homes
Zip Codes with Similar Populations
- 03813, NH: higher priced homes
- 06469, CT: higher priced homes
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- 16651, PA: less expensive homes
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- 18942, PA: higher priced homes
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