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These days, finding an affordable place to live in the 87053 area can be challenging. Home prices in 87053 are now at a median cost of $195,213, lower than the New Mexico average of $265,486.
The average cost of rent is $890/mo in 87053, primarily driven by the current value of real estate in the 87053 area. In 87053, 10.64% of households rent, and 81.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87053 is $4,380 per month. Households that rent pay about 20.31% of their income on rent here. 87053’s most expensive areas are in the eastern 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
- 87024, NM: higher priced homes
- 87044, NM: higher priced homes
- 87001, NM: higher priced homes
- 87052, NM: less expensive homes
- 87072, NM: higher priced homes
- 87041, NM: less expensive homes
- 87083, NM: higher priced homes
- 87010, NM: higher priced homes
- 87507, NM: higher priced homes
- 87508, NM: higher priced homes
Zip Codes with Similar Populations
- 98336, WA: higher priced homes
- 24352, VA: less expensive homes
- 97346, OR: higher priced homes
- 20690, MD: higher priced homes
- 13635, NY: less expensive homes
- 14555, NY: equally priced homes
- 67464, KS: less expensive homes
- 64770, MO: less expensive homes
- 65047, MO: equally priced homes
- 65054, MO: higher priced homes
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