Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 87347 area can be challenging. Home prices in 87347 are now at a median cost of $105,180, lower than the New Mexico average of $199,923.
The average cost of rent is $869/mo in 87347, primarily driven by the current value of real estate in the 87347 area. While nearly 88.04% of residents own their homes outright in 87347, 31.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87347 is $3,794 per month. Households that rent pay about 22.90% of their income on rent here. 87347's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 87316, NM: less expensive homes
- 87312, NM: less expensive homes
- 87311, NM: less expensive homes
- 87322, NM: less expensive homes
- 87323, NM: less expensive homes
- 87301, NM: equally priced homes
- 87305, NM: less expensive homes
- 87317, NM: less expensive homes
- 87045, NM: less expensive homes
- 87319, NM: less expensive homes
Zip Codes with Similar Populations
- 24737, WV: equally priced homes
- 93207, CA: higher priced homes
- 92378, CA: higher priced homes
- 92066, CA: higher priced homes
- 26254, WV: less expensive homes
- 25928, WV: less expensive homes
- 25688, WV: less expensive homes
- 25076, WV: less expensive homes
- 25040, WV: less expensive homes
- 24823, WV: less expensive homes
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