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Affordable
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These days, finding an affordable place to live in the 87037 area can be challenging. Home prices in 87037 are now at a median cost of $68,982, lower than the New Mexico average of $265,486.
The average cost of rent is $693/mo in 87037, primarily driven by the current value of real estate in the 87037 area. In 87037, 21.64% of households rent, and 98.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87037 is $2,543 per month. Households that rent pay about 27.24% of their income on rent here. 87037’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 87018, NM: less expensive homes
- 87499, NM: higher priced homes
- 87029, NM: higher priced homes
- 87046, NM: higher priced homes
- 87027, NM: higher priced homes
- 87017, NM: higher priced homes
- 87364, NM: equally priced homes
- 87455, NM: less expensive homes
- 87012, NM: higher priced homes
- 87064, NM: higher priced homes
Zip Codes with Similar Populations
- 04455, ME: higher priced homes
- 04655, ME: higher priced homes
- 05361, VT: higher priced homes
- 05761, VT: higher priced homes
- 05832, VT: higher priced homes
- 07935, NJ: higher priced homes
- 08403, NJ: higher priced homes
- 95528, CA: higher priced homes
- 22716, VA: higher priced homes
- 22480, VA: higher priced homes
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