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These days, finding an affordable place to live in the 87412 area can be challenging. Home prices in 87412 are now at a median cost of $206,154, lower than the New Mexico average of $265,486.
The average cost of rent is $1,198/mo in 87412, primarily driven by the current value of real estate in the 87412 area. In 87412, 6.65% of households rent, and 57.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87412 is $5,365 per month. Households that rent pay about 22.33% of their income on rent here. 87412’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 87419, NM: equally priced homes
- 87413, NM: less expensive homes
- 87410, NM: equally priced homes
- 87415, NM: higher priced homes
- 87402, NM: higher priced homes
- 87401, NM: equally priced homes
- 87417, NM: equally priced homes
- 87416, NM: less expensive homes
- 87421, NM: less expensive homes
- 87420, NM: less expensive homes
Zip Codes with Similar Populations
- 04773, ME: less expensive homes
- 05153, VT: higher priced homes
- 05350, VT: equally priced homes
- 16029, PA: less expensive homes
- 12045, NY: less expensive homes
- 15341, PA: less expensive homes
- 15315, PA: less expensive homes
- 97447, OR: higher priced homes
- 96757, HI: higher priced homes
- 96058, CA: less expensive homes
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