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These days, finding an affordable place to live in the 87401 area can be challenging. Home prices in 87401 are now at a median cost of $159,886, lower than the New Mexico average of $199,923.
The average cost of rent is $992/mo in 87401, primarily driven by the current value of real estate in the 87401 area. While nearly 49.04% of residents own their homes outright in 87401, 32.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87401 is $4,651 per month. Households that rent pay about 21.33% of their income on rent here. 87401's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 87402, NM: higher priced homes
- 87415, NM: higher priced homes
- 87417, NM: equally priced homes
- 87416, NM: less expensive homes
- 87413, NM: equally priced homes
- 87410, NM: equally priced homes
- 87421, NM: less expensive homes
- 87412, NM: less expensive homes
- 87420, NM: less expensive homes
- 87419, NM: equally priced homes
Zip Codes with Similar Populations
- 34609, FL: higher priced homes
- 92109, CA: higher priced homes
- 92104, CA: higher priced homes
- 92009, CA: higher priced homes
- 91748, CA: higher priced homes
- 91367, CA: higher priced homes
- 90501, CA: higher priced homes
- 90241, CA: higher priced homes
- 90065, CA: higher priced homes
- 90057, CA: higher priced homes
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