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These days, finding an affordable place to live in the 87301 area can be challenging. Home prices in 87301 are now at a median cost of $130,293, lower than the New Mexico average of $265,486.
The average cost of rent is $958/mo in 87301, primarily driven by the current value of real estate in the 87301 area. In 87301, 42.15% of households rent, and 62.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87301 is $4,694 per month. Households that rent pay about 20.42% of their income on rent here. 87301’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 87317, NM: less expensive homes
- 87322, NM: less expensive homes
- 87305, NM: less expensive homes
- 87319, NM: less expensive homes
- 87375, NM: less expensive homes
- 87311, NM: less expensive homes
- 87316, NM: less expensive homes
- 87347, NM: higher priced homes
- 86515, AZ: less expensive homes
- 86511, AZ: less expensive homes
Zip Codes with Similar Populations
- 02132, MA: higher priced homes
- 37934, TN: higher priced homes
- 30224, GA: higher priced homes
- 28112, NC: higher priced homes
- 27028, NC: higher priced homes
- 23834, VA: higher priced homes
- 22406, VA: higher priced homes
- 18064, PA: higher priced homes
- 11553, NY: higher priced homes
- 10710, NY: higher priced homes
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