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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 $134,694, lower than the New Mexico average of $199,923.
The average cost of rent is $671/mo in 87016, primarily driven by the current value of real estate in the 87016 area. While nearly 75.77% of residents own their homes outright in 87016, 12.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87016 is $3,197 per month. Households that rent pay about 20.99% of their income on rent here. 87016's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 87032, NM: equally priced homes
- 87061, NM: equally priced homes
- 87042, NM: higher priced homes
- 87068, NM: higher priced homes
- 87031, NM: higher priced homes
- 87060, NM: higher priced homes
- 87002, NM: equally priced homes
- 88321, NM: less expensive homes
- 88353, NM: less expensive homes
- 88121, NM: less expensive homes
Zip Codes with Similar Populations
- 03813, NH: higher priced homes
- 06469, CT: higher priced homes
- 12075, NY: higher priced homes
- 14541, NY: higher priced homes
- 16651, PA: less expensive homes
- 16925, PA: higher priced homes
- 17045, PA: higher priced homes
- 18051, PA: higher priced homes
- 18347, PA: equally priced homes
- 18942, PA: higher priced homes
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