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These days, finding an affordable place to live in the 87042 area can be challenging. Home prices in 87042 are now at a median cost of $307,774, higher than the New Mexico average of $265,486.
The average cost of rent is $1,271/mo in 87042, primarily driven by the current value of real estate in the 87042 area. In 87042, 17.34% of households rent, and 39.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87042 is $5,935 per month. Households that rent pay about 21.41% of their income on rent here. 87042’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern 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
- 87068, NM: equally priced homes
- 87031, NM: less expensive homes
- 87022, NM: less expensive homes
- 87060, NM: less expensive homes
- 87061, NM: less expensive homes
- 87016, NM: less expensive homes
- 87032, NM: less expensive homes
- 87035, NM: less expensive homes
- 88321, NM: less expensive homes
- 87357, NM: less expensive homes
Zip Codes with Similar Populations
- 55390, MN: higher priced homes
- 38620, MS: less expensive homes
- 40385, KY: less expensive homes
- 43557, OH: less expensive homes
- 44643, OH: less expensive homes
- 44840, OH: less expensive homes
- 44846, OH: less expensive homes
- 45053, OH: equally priced homes
- 49277, MI: less expensive homes
- 54538, WI: equally priced homes
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