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Expensive
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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 $449,637, higher than the New Mexico average of $199,923.
The average cost of rent is $1,110/mo in 87048, primarily driven by the current value of real estate in the 87048 area. While nearly 41.37% of residents own their homes outright in 87048, 10.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87048 is $9,017 per month. Households that rent pay about 12.31% of their income on rent here. 87048's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
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- 87111, NM: less expensive homes
Zip Codes with Similar Populations
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- 53551, WI: less expensive homes
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