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These days, finding an affordable place to live in the 87105 area can be challenging. Home prices in 87105 are now at a median cost of $232,191, lower than the New Mexico average of $265,486.
The average cost of rent is $957/mo in 87105, primarily driven by the current value of real estate in the 87105 area. In 87105, 25.58% of households rent, and 45.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87105 is $5,091 per month. Households that rent pay about 18.80% of their income on rent here. 87105’s most expensive areas are in the southeastern 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
- 87121, NM: less expensive homes
- 87102, NM: equally priced homes
- 87104, NM: higher priced homes
- 87106, NM: higher priced homes
- 87120, NM: higher priced homes
- 87108, NM: equally priced homes
- 87107, NM: higher priced homes
- 87117, NM: higher priced homes
- 87110, NM: higher priced homes
- 87116, NM: higher priced homes
Zip Codes with Similar Populations
- 92656, CA: higher priced homes
- 28601, NC: higher priced homes
- 30721, GA: less expensive homes
- 36117, AL: higher priced homes
- 37043, TN: higher priced homes
- 39503, MS: less expensive homes
- 41042, KY: equally priced homes
- 43302, OH: less expensive homes
- 45013, OH: equally priced homes
- 48823, MI: higher priced homes
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