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These days, finding an affordable place to live in the 87023 area can be challenging. Home prices in 87023 are now at a median cost of $142,000, lower than the New Mexico average of $199,923.
The average cost of rent is $653/mo in 87023, primarily driven by the current value of real estate in the 87023 area. While nearly 59.63% of residents own their homes outright in 87023, 17.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87023 is $3,283 per month. Households that rent pay about 19.89% of their income on rent here. 87023's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 87002, NM: equally priced homes
- 87006, NM: equally priced homes
- 87062, NM: less expensive homes
- 87036, NM: less expensive homes
- 87063, NM: less expensive homes
- 87827, NM: higher priced homes
- 88353, NM: less expensive homes
- 87315, NM: less expensive homes
- 88136, NM: equally priced homes
- 88119, NM: less expensive homes
Zip Codes with Similar Populations
- 13310, NY: less expensive homes
- 98267, WA: higher priced homes
- 98565, WA: higher priced homes
- 16821, PA: equally priced homes
- 15948, PA: higher priced homes
- 15539, PA: higher priced homes
- 14714, NY: less expensive homes
- 13740, NY: higher priced homes
- 12836, NY: higher priced homes
- 12810, NY: higher priced homes
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