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Affordable
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These days, finding an affordable place to live in the 87029 area can be challenging. Home prices in 87029 are now at a median cost of $196,475, lower than the New Mexico average of $265,486.
The average cost of rent is $478/mo in 87029, primarily driven by the current value of real estate in the 87029 area. In 87029, 10.72% of households rent, and 78.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87029 is $6,126 per month. Households that rent pay about 7.80% of their income on rent here. 87029’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 87046, NM: less expensive homes
- 87017, NM: higher priced homes
- 87064, NM: higher priced homes
- 87515, NM: equally priced homes
- 87037, NM: less expensive homes
- 87510, NM: higher priced homes
- 87530, NM: higher priced homes
- 87581, NM: higher priced homes
- 87549, NM: higher priced homes
- 87539, NM: higher priced homes
Zip Codes with Similar Populations
- 84018, UT: higher priced homes
- 81210, CO: higher priced homes
- 82336, WY: less expensive homes
- 82423, WY: higher priced homes
- 82925, WY: higher priced homes
- 83011, WY: higher priced homes
- 83119, WY: higher priced homes
- 83209, ID: higher priced homes
- 83841, ID: higher priced homes
- 81024, CO: higher priced homes
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