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These days, finding an affordable place to live in the 87305 area can be challenging. Home prices in 87305 are now at a median cost of $59,093, lower than the New Mexico average of $265,486.
The average cost of rent is $860/mo in 87305, primarily driven by the current value of real estate in the 87305 area. In 87305, 10.11% of households rent, and 86.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87305 is $3,800 per month. Households that rent pay about 22.62% of their income on rent here. 87305’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western 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
- 87301, NM: higher priced homes
- 87322, NM: higher priced homes
- 87319, NM: less expensive homes
- 87317, NM: higher priced homes
- 87311, NM: less expensive homes
- 87316, NM: higher priced homes
- 87347, NM: higher priced homes
- 86508, AZ: less expensive homes
- 87312, NM: higher priced homes
- 86506, AZ: less expensive homes
Zip Codes with Similar Populations
- 77664, TX: higher priced homes
- 38367, TN: higher priced homes
- 43416, OH: higher priced homes
- 47579, IN: higher priced homes
- 56159, MN: higher priced homes
- 64855, MO: higher priced homes
- 65644, MO: higher priced homes
- 66021, KS: higher priced homes
- 68446, NE: higher priced homes
- 72365, AR: higher priced homes
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