Expensive
Affordable
Affordable
Colorblind friendly
off
These days, finding an affordable place to live in the 87116 area can be challenging. Home prices in 87116 are now at a median cost of $292,900, higher than the New Mexico average of $265,486.
The average cost of rent is $1,750/mo in 87116, primarily driven by the current value of real estate in the 87116 area. In 87116, 98.05% of households rent, and 100.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87116 is $7,166 per month. Households that rent pay about 24.42% of their income on rent here. 87116’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 87117, NM: equally priced homes
- 87108, NM: less expensive homes
- 87123, NM: less expensive homes
- 87112, NM: equally priced homes
- 87110, NM: equally priced homes
- 87106, NM: higher priced homes
- 87102, NM: less expensive homes
- 87111, NM: higher priced homes
- 87109, NM: equally priced homes
- 87107, NM: equally priced homes
Zip Codes with Similar Populations
- 02644, MA: higher priced homes
- 99686, AK: higher priced homes
- 80814, CO: higher priced homes
- 76689, TX: equally priced homes
- 05735, VT: less expensive homes
- 04957, ME: less expensive homes
- 04097, ME: higher priced homes
- 03840, NH: higher priced homes
- 03839, NH: higher priced homes
- 03741, NH: less expensive homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood