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These days, finding an affordable place to live in the 87108 area can be challenging. Home prices in 87108 are now at a median cost of $169,235, lower than the New Mexico average of $199,923.
The average cost of rent is $755/mo in 87108, primarily driven by the current value of real estate in the 87108 area. While nearly 41.03% of residents own their homes outright in 87108, 63.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87108 is $3,113 per month. Households that rent pay about 24.25% of their income on rent here. 87108's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 87116, NM: higher priced homes
- 87117, NM: higher priced homes
- 87106, NM: higher priced homes
- 87110, NM: higher priced homes
- 87123, NM: higher priced homes
- 87112, NM: higher priced homes
- 87102, NM: equally priced homes
- 87109, NM: higher priced homes
- 87111, NM: higher priced homes
- 87107, NM: higher priced homes
Zip Codes with Similar Populations
- 37160, TN: equally priced homes
- 98444, WA: higher priced homes
- 98366, WA: higher priced homes
- 90031, CA: higher priced homes
- 88310, NM: higher priced homes
- 85745, AZ: higher priced homes
- 85213, AZ: higher priced homes
- 85043, AZ: equally priced homes
- 78749, TX: higher priced homes
- 55024, MN: higher priced homes
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