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These days, finding an affordable place to live in the 87051 area can be challenging. Home prices in 87051 are now at a median cost of $154,749, lower than the New Mexico average of $265,486.
The average cost of rent is $784/mo in 87051, primarily driven by the current value of real estate in the 87051 area. In 87051, 13.43% of households rent, and 37.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87051 is $6,656 per month. Households that rent pay about 11.78% of their income on rent here. 87051’s most expensive areas are in the southern regions, while the cheapest areas are in the central 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
- 87020, NM: equally priced homes
- 87021, NM: less expensive homes
- 87005, NM: equally priced homes
- 87049, NM: less expensive homes
- 87034, NM: less expensive homes
- 87007, NM: less expensive homes
- 87014, NM: equally priced homes
- 87038, NM: less expensive homes
- 87040, NM: less expensive homes
- 87321, NM: less expensive homes
Zip Codes with Similar Populations
- 26521, WV: less expensive homes
- 87419, NM: higher priced homes
- 87017, NM: higher priced homes
- 40316, KY: less expensive homes
- 34250, FL: higher priced homes
- 31720, GA: higher priced homes
- 29923, SC: less expensive homes
- 28519, NC: higher priced homes
- 28330, NC: equally priced homes
- 28077, NC: higher priced homes
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