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These days, finding an affordable place to live in the 87123 area can be challenging. Home prices in 87123 are now at a median cost of $232,169, lower than the New Mexico average of $265,486.
The average cost of rent is $1,297/mo in 87123, primarily driven by the current value of real estate in the 87123 area. In 87123, 33.55% of households rent, and 44.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87123 is $5,647 per month. Households that rent pay about 22.97% of their income on rent here. 87123’s most expensive areas are in the southeastern 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
- 87112, NM: higher priced homes
- 87116, NM: higher priced homes
- 87117, NM: higher priced homes
- 87108, NM: equally priced homes
- 87110, NM: higher priced homes
- 87111, NM: higher priced homes
- 87106, NM: higher priced homes
- 87109, NM: higher priced homes
- 87122, NM: higher priced homes
- 87102, NM: equally priced homes
Zip Codes with Similar Populations
- 90032, CA: higher priced homes
- 34997, FL: higher priced homes
- 35405, AL: equally priced homes
- 37343, TN: higher priced homes
- 38002, TN: higher priced homes
- 40356, KY: higher priced homes
- 42301, KY: less expensive homes
- 43147, OH: higher priced homes
- 89506, NV: higher priced homes
- 90024, CA: higher priced homes
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