Affordable
Expensive
Expensive
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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 $271,200, higher than the New Mexico average of $199,923.
The average cost of rent is $1,437/mo in 87116, primarily driven by the current value of real estate in the 87116 area. While nearly 100.00% of residents own their homes outright in 87116, 95.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87116 is $5,426 per month. Households that rent pay about 26.48% of their income on rent here. 87116's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 87117, NM: equally priced homes
- 87108, NM: less expensive homes
- 87123, NM: less expensive homes
- 87112, NM: less expensive homes
- 87110, NM: less expensive homes
- 87106, NM: equally priced homes
- 87102, NM: less expensive homes
- 87111, NM: higher priced homes
- 87109, NM: less expensive homes
- 87107, NM: less expensive homes
Zip Codes with Similar Populations
- 02644, MA: higher priced homes
- 99686, AK: less expensive homes
- 80814, CO: higher priced homes
- 76689, TX: less expensive homes
- 05735, VT: less expensive homes
- 04957, ME: less expensive homes
- 04097, ME: higher priced homes
- 03840, NH: higher priced homes
- 03839, NH: less expensive homes
- 03741, NH: less expensive homes
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