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These days, finding an affordable place to live in the 87112 area can be challenging. Home prices in 87112 are now at a median cost of $210,707, higher than the New Mexico average of $199,923.
The average cost of rent is $1,067/mo in 87112, primarily driven by the current value of real estate in the 87112 area. While nearly 38.45% of residents own their homes outright in 87112, 36.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87112 is $5,605 per month. Households that rent pay about 19.04% of their income on rent here. 87112's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 87123, NM: equally priced homes
- 87111, NM: higher priced homes
- 87116, NM: higher priced homes
- 87110, NM: equally priced homes
- 87108, NM: less expensive homes
- 87117, NM: higher priced homes
- 87109, NM: higher priced homes
- 87122, NM: higher priced homes
- 87106, NM: higher priced homes
- 87113, NM: higher priced homes
Zip Codes with Similar Populations
- 46038, IN: higher priced homes
- 32811, FL: less expensive homes
- 95407, CA: higher priced homes
- 60062, IL: higher priced homes
- 58201, ND: higher priced homes
- 54935, WI: less expensive homes
- 33428, FL: higher priced homes
- 30213, GA: equally priced homes
- 30120, GA: equally priced homes
- 20170, VA: higher priced homes
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