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These days, finding an affordable place to live in the 87311 area can be challenging. Home prices in 87311 are now at a median cost of $37,934, lower than the New Mexico average of $199,923.
The average cost of rent is $819/mo in 87311, primarily driven by the current value of real estate in the 87311 area. While nearly 92.40% of residents own their homes outright in 87311, 19.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87311 is $2,384 per month. Households that rent pay about 34.35% of their income on rent here. 87311's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 87322, NM: higher priced homes
- 87316, NM: higher priced homes
- 87347, NM: higher priced homes
- 87301, NM: higher priced homes
- 87317, NM: higher priced homes
- 87375, NM: higher priced homes
- 87305, NM: higher priced homes
- 87312, NM: higher priced homes
- 87319, NM: equally priced homes
- 87323, NM: higher priced homes
Zip Codes with Similar Populations
- 41774, KY: higher priced homes
- 85121, AZ: higher priced homes
- 79252, TX: higher priced homes
- 69145, NE: higher priced homes
- 68840, NE: higher priced homes
- 58421, ND: higher priced homes
- 44656, OH: higher priced homes
- 04040, ME: higher priced homes
- 41010, KY: higher priced homes
- 38463, TN: higher priced homes
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