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These days, finding an affordable place to live in the 87020 area can be challenging. Home prices in 87020 are now at a median cost of $162,741, lower than the New Mexico average of $265,486.
The average cost of rent is $798/mo in 87020, primarily driven by the current value of real estate in the 87020 area. In 87020, 32.62% of households rent, and 56.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87020 is $4,902 per month. Households that rent pay about 16.27% of their income on rent here. 87020’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern 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
- 87021, NM: less expensive homes
- 87051, NM: equally priced homes
- 87005, NM: equally priced homes
- 87049, NM: less expensive homes
- 87034, NM: less expensive homes
- 87007, NM: less expensive homes
- 87014, NM: equally priced homes
- 87038, NM: less expensive homes
- 87040, NM: less expensive homes
- 87321, NM: less expensive homes
Zip Codes with Similar Populations
- 41164, KY: less expensive homes
- 76054, TX: higher priced homes
- 75462, TX: higher priced homes
- 75167, TX: higher priced homes
- 70647, LA: higher priced homes
- 45015, OH: less expensive homes
- 44074, OH: higher priced homes
- 43205, OH: higher priced homes
- 43103, OH: higher priced homes
- 77030, TX: higher priced homes
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