Expensive
Affordable
Affordable
Colorblind friendly
off
These days, finding an affordable place to live in the 87048 area can be challenging. Home prices in 87048 are now at a median cost of $606,108, higher than the New Mexico average of $265,486.
The average cost of rent is $1,193/mo in 87048, primarily driven by the current value of real estate in the 87048 area. In 87048, 12.12% of households rent, and 46.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87048 is $8,593 per month. Households that rent pay about 13.88% of their income on rent here. 87048’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 87124, NM: less expensive homes
- 87113, NM: less expensive homes
- 87114, NM: less expensive homes
- 87144, NM: less expensive homes
- 87004, NM: less expensive homes
- 87109, NM: less expensive homes
- 87122, NM: equally priced homes
- 87107, NM: less expensive homes
- 87120, NM: less expensive homes
- 87111, NM: less expensive homes
Zip Codes with Similar Populations
- 49302, MI: less expensive homes
- 76567, TX: less expensive homes
- 76060, TX: less expensive homes
- 75495, TX: less expensive homes
- 73075, OK: less expensive homes
- 72560, AR: less expensive homes
- 67152, KS: less expensive homes
- 60449, IL: less expensive homes
- 56649, MN: less expensive homes
- 53551, WI: less expensive homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood