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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 $458,828, higher than the New Mexico average of $265,486.
The average cost of rent is $1,271/mo in 87047, primarily driven by the current value of real estate in the 87047 area. In 87047, 6.76% of households rent, and 35.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87047 is $10,153 per month. Households that rent pay about 12.52% of their income on rent here. 87047’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
- 87008, NM: less expensive homes
- 87015, NM: less expensive homes
- 87059, NM: less expensive homes
- 87122, NM: higher priced homes
- 87111, NM: less expensive homes
- 87112, NM: less expensive homes
- 87123, NM: less expensive homes
- 87109, NM: less expensive homes
- 87113, NM: less expensive homes
- 87110, NM: less expensive homes
Zip Codes with Similar Populations
- 55319, MN: less expensive homes
- 48211, MI: less expensive homes
- 48471, MI: less expensive homes
- 48881, MI: less expensive homes
- 48893, MI: less expensive homes
- 51247, IA: less expensive homes
- 53080, WI: less expensive homes
- 53508, WI: less expensive homes
- 53805, WI: less expensive homes
- 54110, WI: less expensive homes
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