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These days, finding an affordable place to live in the 87104 area can be challenging. Home prices in 87104 are now at a median cost of $381,160, higher than the New Mexico average of $265,486.
The average cost of rent is $1,191/mo in 87104, primarily driven by the current value of real estate in the 87104 area. In 87104, 38.80% of households rent, and 39.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87104 is $6,231 per month. Households that rent pay about 19.11% of their income on rent here. 87104’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern 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
- 87102, NM: less expensive homes
- 87107, NM: less expensive homes
- 87120, NM: less expensive homes
- 87106, NM: less expensive homes
- 87105, NM: less expensive homes
- 87121, NM: less expensive homes
- 87110, NM: less expensive homes
- 87108, NM: less expensive homes
- 87109, NM: less expensive homes
- 87114, NM: equally priced homes
Zip Codes with Similar Populations
- 06078, CT: higher priced homes
- 44839, OH: less expensive homes
- 68850, NE: less expensive homes
- 66071, KS: less expensive homes
- 65806, MO: less expensive homes
- 62052, IL: less expensive homes
- 48079, MI: less expensive homes
- 47006, IN: less expensive homes
- 45680, OH: less expensive homes
- 45229, OH: less expensive homes
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