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These days, finding an affordable place to live in the 87040 area can be challenging. Home prices in 87040 are now at a median cost of $43,134, lower than the New Mexico average of $199,923.
The average cost of rent is $238/mo in 87040, primarily driven by the current value of real estate in the 87040 area. While nearly 94.11% of residents own their homes outright in 87040, 2.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87040 is $3,309 per month. Households that rent pay about 7.20% of their income on rent here. 87040's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 87014, NM: higher priced homes
- 87038, NM: equally priced homes
- 87007, NM: less expensive homes
- 87026, NM: higher priced homes
- 87049, NM: higher priced homes
- 87034, NM: higher priced homes
- 87020, NM: higher priced homes
- 87051, NM: higher priced homes
- 87021, NM: higher priced homes
- 87005, NM: higher priced homes
Zip Codes with Similar Populations
- 26075, WV: higher priced homes
- 90743, CA: higher priced homes
- 31722, GA: higher priced homes
- 30708, GA: higher priced homes
- 30177, GA: higher priced homes
- 26691, WV: higher priced homes
- 26629, WV: higher priced homes
- 26627, WV: higher priced homes
- 26412, WV: higher priced homes
- 26384, WV: higher priced homes
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