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These days, finding an affordable place to live in the 87415 area can be challenging. Home prices in 87415 are now at a median cost of $249,780, lower than the New Mexico average of $265,486.
The average cost of rent is $1,214/mo in 87415, primarily driven by the current value of real estate in the 87415 area. In 87415, 19.23% of households rent, and 50.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87415 is $6,211 per month. Households that rent pay about 19.54% of their income on rent here. 87415’s most expensive areas are in the southeastern 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
- 87402, NM: higher priced homes
- 87410, NM: less expensive homes
- 87401, NM: less expensive homes
- 87418, NM: less expensive homes
- 87417, NM: less expensive homes
- 87416, NM: less expensive homes
- 87412, NM: less expensive homes
- 87421, NM: less expensive homes
- 87419, NM: less expensive homes
- 87420, NM: less expensive homes
Zip Codes with Similar Populations
- 54631, WI: less expensive homes
- 71039, LA: less expensive homes
- 67108, KS: less expensive homes
- 65053, MO: less expensive homes
- 65035, MO: equally priced homes
- 60511, IL: higher priced homes
- 60150, IL: less expensive homes
- 56171, MN: less expensive homes
- 56017, MN: higher priced homes
- 71675, AR: less expensive homes
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