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These days, finding an affordable place to live in the 87024 area can be challenging. Home prices in 87024 are now at a median cost of $212,930, lower than the New Mexico average of $265,486.
The average cost of rent is $1,001/mo in 87024, primarily driven by the current value of real estate in the 87024 area. In 87024, 13.35% of households rent, and 89.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87024 is $5,722 per month. Households that rent pay about 17.50% of their income on rent here. 87024’s most expensive areas are in the northern regions, while the cheapest areas are in the southern 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
- 87044, NM: higher priced homes
- 87053, NM: equally priced homes
- 87072, NM: equally priced homes
- 87083, NM: equally priced homes
- 87041, NM: less expensive homes
- 87052, NM: less expensive homes
- 87507, NM: higher priced homes
- 87508, NM: higher priced homes
- 87505, NM: higher priced homes
- 87501, NM: higher priced homes
Zip Codes with Similar Populations
- 31765, GA: less expensive homes
- 72952, AR: less expensive homes
- 50140, IA: less expensive homes
- 45325, OH: higher priced homes
- 44412, OH: higher priced homes
- 95542, CA: higher priced homes
- 97358, OR: higher priced homes
- 97532, OR: higher priced homes
- 39116, MS: less expensive homes
- 37356, TN: higher priced homes
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