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These days, finding an affordable place to live in the 87049 area can be challenging. Home prices in 87049 are now at a median cost of $85,626, lower than the New Mexico average of $199,923.
The average cost of rent is $711/mo in 87049, primarily driven by the current value of real estate in the 87049 area. While nearly 81.89% of residents own their homes outright in 87049, 8.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87049 is $4,942 per month. Households that rent pay about 14.39% of their income on rent here. 87049's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 87034, NM: equally priced homes
- 87007, NM: less expensive homes
- 87038, NM: less expensive homes
- 87014, NM: equally priced homes
- 87020, NM: higher priced homes
- 87040, NM: less expensive homes
- 87051, NM: higher priced homes
- 87021, NM: equally priced homes
- 87026, NM: equally priced homes
- 87357, NM: equally priced homes
Zip Codes with Similar Populations
- 02833, RI: higher priced homes
- 03445, NH: higher priced homes
- 03457, NH: higher priced homes
- 03586, NH: higher priced homes
- 03595, NH: higher priced homes
- 04459, ME: less expensive homes
- 04554, ME: higher priced homes
- 04674, ME: higher priced homes
- 15623, PA: higher priced homes
- 15363, PA: higher priced homes
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