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Affordable
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These days, finding an affordable place to live in the 87056 area can be challenging. Home prices in 87056 are now at a median cost of $222,922, lower than the New Mexico average of $265,486.
The average cost of rent is $1,378/mo in 87056, primarily driven by the current value of real estate in the 87056 area. In 87056, 2.48% of households rent, and 61.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87056 is $5,968 per month. Households that rent pay about 23.09% of their income on rent here. 87056’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern 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
- 87015, NM: higher priced homes
- 87047, NM: higher priced homes
- 87059, NM: higher priced homes
- 87070, NM: less expensive homes
- 87008, NM: higher priced homes
- 87111, NM: higher priced homes
- 87112, NM: higher priced homes
- 87123, NM: equally priced homes
- 87122, NM: higher priced homes
- 87116, NM: higher priced homes
Zip Codes with Similar Populations
- 23128, VA: higher priced homes
- 04091, ME: higher priced homes
- 97812, OR: higher priced homes
- 04623, ME: less expensive homes
- 05043, VT: higher priced homes
- 08340, NJ: higher priced homes
- 12473, NY: higher priced homes
- 12763, NY: less expensive homes
- 12989, NY: equally priced homes
- 25511, WV: less expensive homes
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