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Affordable
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These days, finding an affordable place to live in the 87061 area can be challenging. Home prices in 87061 are now at a median cost of $190,400, lower than the New Mexico average of $265,486.
The average cost of rent is $888/mo in 87061, primarily driven by the current value of real estate in the 87061 area. In 87061, 16.40% of households rent, and 64.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87061 is $4,420 per month. Households that rent pay about 20.09% of their income on rent here. 87061’s most expensive areas are in the central 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
- 87016, NM: less expensive homes
- 87032, NM: less expensive homes
- 87042, NM: higher priced homes
- 87031, NM: higher priced homes
- 87068, NM: higher priced homes
- 87060, NM: higher priced homes
- 87002, NM: equally priced homes
- 88321, NM: less expensive homes
- 88353, NM: less expensive homes
- 87315, NM: equally priced homes
Zip Codes with Similar Populations
- 83302, ID: equally priced homes
- 40280, KY: higher priced homes
- 41861, KY: less expensive homes
- 42332, KY: less expensive homes
- 42638, KY: less expensive homes
- 44697, OH: equally priced homes
- 45319, OH: higher priced homes
- 46508, IN: less expensive homes
- 82222, WY: higher priced homes
- 38947, MS: less expensive homes
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