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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 $190,596, lower than the New Mexico average of $199,923.
The average cost of rent is $821/mo in 87046, primarily driven by the current value of real estate in the 87046 area. While nearly 67.87% of residents own their homes outright in 87046, 34.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87046 is $2,963 per month. Households that rent pay about 27.70% of their income on rent here. 87046's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the zip.
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: equally priced homes
- 87530, NM: less expensive homes
Zip Codes with Similar Populations
- 59007, MT: higher priced homes
- 74935, OK: less expensive homes
- 74117, OK: less expensive homes
- 62065, IL: less expensive homes
- 61855, IL: less expensive homes
- 61419, IL: less expensive homes
- 59314, MT: less expensive homes
- 59214, MT: less expensive homes
- 59013, MT: higher priced homes
- 75441, TX: less expensive homes
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