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These days, finding an affordable place to live in the 87316 area can be challenging. Home prices in 87316 are now at a median cost of $56,458, lower than the New Mexico average of $199,923.
The average cost of rent is $931/mo in 87316, primarily driven by the current value of real estate in the 87316 area. While nearly 86.31% of residents own their homes outright in 87316, 40.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87316 is $6,421 per month. Households that rent pay about 14.50% of their income on rent here. 87316's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 87347, NM: higher priced homes
- 87311, NM: less expensive homes
- 87322, NM: less expensive homes
- 87312, NM: higher priced homes
- 87301, NM: higher priced homes
- 87317, NM: higher priced homes
- 87305, NM: less expensive homes
- 87323, NM: less expensive homes
- 87375, NM: less expensive homes
- 87319, NM: less expensive homes
Zip Codes with Similar Populations
- 03588, NH: higher priced homes
- 03043, NH: higher priced homes
- 14129, NY: higher priced homes
- 14743, NY: higher priced homes
- 17238, PA: higher priced homes
- 21649, MD: higher priced homes
- 56178, MN: higher priced homes
- 69140, NE: higher priced homes
- 67547, KS: higher priced homes
- 67443, KS: higher priced homes
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