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Affordable
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These days, finding an affordable place to live in the 87044 area can be challenging. Home prices in 87044 are now at a median cost of $305,650, higher than the New Mexico average of $265,486.
The average cost of rent is $1,139/mo in 87044, primarily driven by the current value of real estate in the 87044 area. In 87044, 11.19% of households rent, and 58.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87044 is $8,406 per month. Households that rent pay about 13.54% of their income on rent here. 87044’s most expensive areas are in the northern 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
- 87024, NM: less expensive homes
- 87053, NM: less expensive homes
- 87072, NM: less expensive homes
- 87083, NM: less expensive homes
- 87041, NM: less expensive homes
- 87052, NM: less expensive homes
- 87507, NM: higher priced homes
- 87508, NM: higher priced homes
- 87505, NM: higher priced homes
- 87501, NM: higher priced homes
Zip Codes with Similar Populations
- 25173, WV: less expensive homes
- 41735, KY: less expensive homes
- 40170, KY: less expensive homes
- 38736, MS: less expensive homes
- 36511, AL: higher priced homes
- 30822, GA: less expensive homes
- 28668, NC: less expensive homes
- 27555, NC: less expensive homes
- 26656, WV: less expensive homes
- 26161, WV: less expensive homes
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