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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 $201,200, lower than the New Mexico average of $265,486.
The average cost of rent is $605/mo in 87023, primarily driven by the current value of real estate in the 87023 area. In 87023, 11.31% of households rent, and 62.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87023 is $5,093 per month. Households that rent pay about 11.88% of their income on rent here. 87023’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 87002, NM: equally priced homes
- 87006, NM: less expensive homes
- 87062, NM: less expensive homes
- 87036, NM: equally priced homes
- 87063, NM: less expensive homes
- 87827, NM: higher priced homes
- 88353, NM: less expensive homes
- 87315, NM: equally priced homes
- 88136, NM: higher priced homes
- 88119, NM: higher priced homes
Zip Codes with Similar Populations
- 13310, NY: less expensive homes
- 98267, WA: higher priced homes
- 98565, WA: higher priced homes
- 16821, PA: less expensive homes
- 15948, PA: equally priced homes
- 15539, PA: higher priced homes
- 14714, NY: less expensive homes
- 13740, NY: higher priced homes
- 12836, NY: higher priced homes
- 12810, NY: equally priced homes
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