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These days, finding an affordable place to live in the 87038 area can be challenging. Home prices in 87038 are now at a median cost of $42,300, lower than the New Mexico average of $199,923.
The average cost of rent is $229/mo in 87038, primarily driven by the current value of real estate in the 87038 area. While nearly 87.21% of residents own their homes outright in 87038, 34.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87038 is $3,490 per month. Households that rent pay about 6.56% of their income on rent here. 87038's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 87007, NM: equally priced homes
- 87014, NM: higher priced homes
- 87040, NM: equally priced homes
- 87034, NM: higher priced homes
- 87049, NM: higher priced homes
- 87026, NM: higher priced homes
- 87020, NM: higher priced homes
- 87051, NM: higher priced homes
- 87021, NM: higher priced homes
- 87121, NM: higher priced homes
Zip Codes with Similar Populations
- 23138, VA: higher priced homes
- 15716, PA: higher priced homes
- 17081, PA: higher priced homes
- 17760, PA: higher priced homes
- 17868, PA: higher priced homes
- 18352, PA: higher priced homes
- 18830, PA: higher priced homes
- 96141, CA: higher priced homes
- 21405, MD: higher priced homes
- 22736, VA: higher priced homes
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