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These days, finding an affordable place to live in the 87083 area can be challenging. Home prices in 87083 are now at a median cost of $228,300, lower than the New Mexico average of $265,486.
The average cost of rent is $1,229/mo in 87083, primarily driven by the current value of real estate in the 87083 area. In 87083, 7.52% of households rent, and 67.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87083 is $5,256 per month. Households that rent pay about 23.38% of their income on rent here. 87083’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
- 87072, NM: equally priced homes
- 87041, NM: less expensive homes
- 87052, NM: less expensive homes
- 87507, NM: higher priced homes
- 87044, NM: higher priced homes
- 87508, NM: higher priced homes
- 87505, NM: higher priced homes
- 87024, NM: equally priced homes
- 87501, NM: higher priced homes
- 87053, NM: less expensive homes
Zip Codes with Similar Populations
- 95432, CA: higher priced homes
- 23963, VA: less expensive homes
- 24817, WV: less expensive homes
- 24849, WV: less expensive homes
- 25873, WV: less expensive homes
- 26680, WV: less expensive homes
- 85934, AZ: higher priced homes
- 87731, NM: higher priced homes
- 89317, NV: less expensive homes
- 92327, CA: less expensive homes
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