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These days, finding an affordable place to live in the 87106 area can be challenging. Home prices in 87106 are now at a median cost of $335,878, higher than the New Mexico average of $265,486.
The average cost of rent is $1,225/mo in 87106, primarily driven by the current value of real estate in the 87106 area. In 87106, 62.59% of households rent, and 47.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87106 is $6,746 per month. Households that rent pay about 18.15% of their income on rent here. 87106’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 87108, NM: less expensive homes
- 87110, NM: less expensive homes
- 87104, NM: higher priced homes
- 87116, NM: less expensive homes
- 87117, NM: less expensive homes
- 87107, NM: equally priced homes
- 87105, NM: less expensive homes
- 87109, NM: equally priced homes
- 87112, NM: less expensive homes
Zip Codes with Similar Populations
- 00669, PR: less expensive homes
- 46628, IN: less expensive homes
- 35611, AL: less expensive homes
- 34219, FL: higher priced homes
- 34202, FL: higher priced homes
- 33805, FL: less expensive homes
- 32117, FL: less expensive homes
- 29303, SC: less expensive homes
- 28001, NC: less expensive homes
- 27597, NC: equally priced homes
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