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These days, finding an affordable place to live in the 87109 area can be challenging. Home prices in 87109 are now at a median cost of $312,266, higher than the New Mexico average of $265,486.
The average cost of rent is $1,476/mo in 87109, primarily driven by the current value of real estate in the 87109 area. In 87109, 43.92% of households rent, and 42.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87109 is $6,056 per month. Households that rent pay about 24.37% of their income on rent here. 87109’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 87113, NM: higher priced homes
- 87110, NM: equally priced homes
- 87111, NM: higher priced homes
- 87122, NM: higher priced homes
- 87107, NM: equally priced homes
- 87112, NM: less expensive homes
- 87108, NM: less expensive homes
- 87106, NM: equally priced homes
- 87116, NM: equally priced homes
- 87102, NM: less expensive homes
Zip Codes with Similar Populations
- 00778, PR: less expensive homes
- 19147, PA: higher priced homes
- 90802, CA: higher priced homes
- 20164, VA: higher priced homes
- 12603, NY: higher priced homes
- 92037, CA: higher priced homes
- 21502, MD: less expensive homes
- 97236, OR: higher priced homes
- 11106, NY: higher priced homes
- 10583, NY: higher priced homes
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