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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 $119,757, lower than the New Mexico average of $199,923.
The average cost of rent is $751/mo in 87020, primarily driven by the current value of real estate in the 87020 area. While nearly 56.48% of residents own their homes outright in 87020, 27.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87020 is $4,530 per month. Households that rent pay about 16.57% of their income on rent here. 87020's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 87021, NM: less expensive homes
- 87051, NM: less expensive homes
- 87005, NM: higher priced homes
- 87049, NM: less expensive homes
- 87034, NM: less expensive homes
- 87007, NM: less expensive homes
- 87014, NM: less expensive 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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