The Most Affordable Neighborhoods in 87062, NM by Home Value

These days, finding an affordable place to live in the 87062 area can be challenging. Home prices in 87062 are now at a median cost of $63,064, lower than the New Mexico average of $199,923.

The average cost of rent is $751/mo in 87062, primarily driven by the current value of real estate in the 87062 area. While nearly 81.31% of residents own their homes outright in 87062, 9.98% rent.

Housing affordability isn’t just about home prices, though. The average household income in 87062 is $2,938 per month. Households that rent pay about 25.57% of their income on rent here. 87062's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.

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