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Expensive
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These days, finding an affordable place to live in the 87047 area can be challenging. Home prices in 87047 are now at a median cost of $425,631, higher than the New Mexico average of $199,923.
The average cost of rent is $1,094/mo in 87047, primarily driven by the current value of real estate in the 87047 area. While nearly 47.17% of residents own their homes outright in 87047, 12.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87047 is $8,138 per month. Households that rent pay about 13.44% of their income on rent here. 87047's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
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- 87110, NM: less expensive homes
Zip Codes with Similar Populations
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- 53080, WI: less expensive homes
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- 54110, WI: less expensive homes
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