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These days, finding an affordable place to live in the 87114 area can be challenging. Home prices in 87114 are now at a median cost of $364,354, higher than the New Mexico average of $265,486.
The average cost of rent is $1,626/mo in 87114, primarily driven by the current value of real estate in the 87114 area. In 87114, 29.75% of households rent, and 28.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87114 is $7,711 per month. Households that rent pay about 21.08% of their income on rent here. 87114’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 87124, NM: less expensive homes
- 87120, NM: less expensive homes
- 87048, NM: higher priced homes
- 87107, NM: less expensive homes
- 87113, NM: equally priced homes
- 87104, NM: equally priced homes
- 87109, NM: less expensive homes
- 87102, NM: less expensive homes
- 87110, NM: less expensive homes
- 87106, NM: equally priced homes
Zip Codes with Similar Populations
- 33186, FL: higher priced homes
- 85281, AZ: higher priced homes
- 60608, IL: equally priced homes
- 37128, TN: higher priced homes
- 33647, FL: higher priced homes
- 33311, FL: less expensive homes
- 33012, FL: equally priced homes
- 30281, GA: less expensive homes
- 30127, GA: equally priced homes
- 30096, GA: equally priced homes
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