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Affordable
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These days, finding an affordable place to live in the 87032 area can be challenging. Home prices in 87032 are now at a median cost of $166,200, lower than the New Mexico average of $265,486.
The average cost of rent is $888/mo in 87032, primarily driven by the current value of real estate in the 87032 area. In 87032, 0.00% of households rent, and 89.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87032 is $4,896 per month. Households that rent pay about 18.14% of their income on rent here. 87032’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
- 87016, NM: equally priced homes
- 87035, NM: less expensive homes
- 87061, NM: higher priced homes
- 88321, NM: less expensive homes
- 87042, NM: higher priced homes
- 87068, NM: higher priced homes
- 87022, NM: less expensive homes
- 87031, NM: higher priced homes
- 87060, NM: higher priced homes
- 88435, NM: less expensive homes
Zip Codes with Similar Populations
- 81646, CO: higher priced homes
- 51009, IA: equally priced homes
- 51452, IA: higher priced homes
- 55036, MN: higher priced homes
- 56274, MN: higher priced homes
- 78607, TX: higher priced homes
- 79003, TX: less expensive homes
- 79233, TX: less expensive homes
- 79539, TX: less expensive homes
- 79548, TX: less expensive homes
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