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These days, finding an affordable place to live in the 87120 area can be challenging. Home prices in 87120 are now at a median cost of $234,396, higher than the New Mexico average of $199,923.
The average cost of rent is $1,338/mo in 87120, primarily driven by the current value of real estate in the 87120 area. While nearly 23.79% of residents own their homes outright in 87120, 21.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87120 is $6,526 per month. Households that rent pay about 20.49% of their income on rent here. 87120's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 87104, NM: higher priced homes
- 87107, NM: equally priced homes
- 87114, NM: higher priced homes
- 87102, NM: less expensive homes
- 87121, NM: less expensive homes
- 87105, NM: less expensive homes
- 87106, NM: equally priced homes
- 87113, NM: higher priced homes
- 87110, NM: equally priced homes
- 87124, NM: less expensive homes
Zip Codes with Similar Populations
- 11210, NY: higher priced homes
- 11354, NY: higher priced homes
- 11691, NY: higher priced homes
- 19143, PA: less expensive homes
- 22554, VA: higher priced homes
- 27519, NC: higher priced homes
- 28173, NC: higher priced homes
- 33015, FL: higher priced homes
- 78574, TX: less expensive homes
- 92115, CA: higher priced homes
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