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These days, finding an affordable place to live in the 87107 area can be challenging. Home prices in 87107 are now at a median cost of $308,347, higher than the New Mexico average of $265,486.
The average cost of rent is $1,086/mo in 87107, primarily driven by the current value of real estate in the 87107 area. In 87107, 35.25% of households rent, and 41.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87107 is $5,944 per month. Households that rent pay about 18.27% of their income on rent here. 87107’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 87104, NM: higher priced homes
- 87102, NM: less expensive homes
- 87120, NM: equally priced homes
- 87110, NM: equally priced homes
- 87106, NM: equally priced homes
- 87113, NM: higher priced homes
- 87109, NM: equally priced homes
- 87114, NM: higher priced homes
- 87108, NM: less expensive homes
- 87105, NM: less expensive homes
Zip Codes with Similar Populations
- 32159, FL: less expensive homes
- 00738, PR: less expensive homes
- 95682, CA: higher priced homes
- 96826, HI: higher priced homes
- 33446, FL: higher priced homes
- 33314, FL: higher priced homes
- 30309, GA: higher priced homes
- 29212, SC: less expensive homes
- 18940, PA: higher priced homes
- 14626, NY: less expensive homes
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