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These days, finding an affordable place to live in the 87046 area can be challenging. Home prices in 87046 are now at a median cost of $140,763, lower than the New Mexico average of $265,486.
The average cost of rent is $883/mo in 87046, primarily driven by the current value of real estate in the 87046 area. In 87046, 22.07% of households rent, and 75.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87046 is $4,261 per month. Households that rent pay about 20.72% of their income on rent here. 87046’s most expensive areas are in the northwestern 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
- 87027, NM: less expensive homes
- 87017, NM: higher priced homes
- 87029, NM: higher priced homes
- 87012, NM: higher priced homes
- 87064, NM: higher priced homes
- 87516, NM: higher priced homes
- 87018, NM: less expensive homes
- 87510, NM: higher priced homes
- 87548, NM: higher priced homes
- 87530, NM: higher priced homes
Zip Codes with Similar Populations
- 59007, MT: higher priced homes
- 74935, OK: higher priced homes
- 74117, OK: higher priced homes
- 62065, IL: higher priced homes
- 61855, IL: equally priced homes
- 61419, IL: higher priced homes
- 59314, MT: higher priced homes
- 59214, MT: higher priced homes
- 59013, MT: higher priced homes
- 75441, TX: higher priced homes
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