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These days, finding an affordable place to live in the 87121 area can be challenging. Home prices in 87121 are now at a median cost of $205,759, lower than the New Mexico average of $265,486.
The average cost of rent is $1,351/mo in 87121, primarily driven by the current value of real estate in the 87121 area. In 87121, 23.52% of households rent, and 31.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87121 is $5,365 per month. Households that rent pay about 25.19% of their income on rent here. 87121’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern 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
- 87105, NM: higher priced homes
- 87104, NM: higher priced homes
- 87102, NM: higher priced homes
- 87120, NM: higher priced homes
- 87106, NM: higher priced homes
- 87107, NM: higher priced homes
- 87108, NM: equally priced homes
- 87110, NM: higher priced homes
- 87117, NM: higher priced homes
- 87116, NM: higher priced homes
Zip Codes with Similar Populations
- 99301, WA: higher priced homes
- 11221, NY: higher priced homes
- 11355, NY: higher priced homes
- 92804, CA: higher priced homes
- 93727, CA: higher priced homes
- 78130, TX: higher priced homes
- 73099, OK: higher priced homes
- 85142, AZ: higher priced homes
- 91709, CA: higher priced homes
- 79928, TX: equally priced homes
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