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These days, finding an affordable place to live in the 87312 area can be challenging. Home prices in 87312 are now at a median cost of $125,835, lower than the New Mexico average of $265,486.
The average cost of rent is $1,247/mo in 87312, primarily driven by the current value of real estate in the 87312 area. In 87312, 12.79% of households rent, and 63.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87312 is $5,809 per month. Households that rent pay about 21.47% of their income on rent here. 87312’s most expensive areas are in the southwestern 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
- 87347, NM: higher priced homes
- 87323, NM: less expensive homes
- 87316, NM: less expensive homes
- 87045, NM: less expensive homes
- 87311, NM: less expensive homes
- 87322, NM: less expensive homes
- 87301, NM: equally priced homes
- 87305, NM: less expensive homes
- 87317, NM: less expensive homes
- 87319, NM: less expensive homes
Zip Codes with Similar Populations
- 94970, CA: higher priced homes
- 15324, PA: higher priced homes
- 15634, PA: higher priced homes
- 98355, WA: higher priced homes
- 15736, PA: higher priced homes
- 98220, WA: higher priced homes
- 16745, PA: less expensive homes
- 97910, OR: higher priced homes
- 95459, CA: higher priced homes
- 95389, CA: higher priced homes
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