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These days, finding an affordable place to live in the 87416 area can be challenging. Home prices in 87416 are now at a median cost of $101,103, lower than the New Mexico average of $265,486.
The average cost of rent is $888/mo in 87416, primarily driven by the current value of real estate in the 87416 area. In 87416, 18.15% of households rent, and 83.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87416 is $4,317 per month. Households that rent pay about 20.57% of their income on rent here. 87416’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern 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
- 87417, NM: higher priced homes
- 87421, NM: higher priced homes
- 87401, NM: higher priced homes
- 87402, NM: higher priced homes
- 87420, NM: equally priced homes
- 87415, NM: higher priced homes
- 87410, NM: higher priced homes
- 87413, NM: higher priced homes
- 87412, NM: higher priced homes
- 87419, NM: higher priced homes
Zip Codes with Similar Populations
- 55992, MN: higher priced homes
- 50324, IA: higher priced homes
- 51555, IA: higher priced homes
- 52772, IA: higher priced homes
- 53017, WI: higher priced homes
- 53594, WI: higher priced homes
- 53726, WI: higher priced homes
- 54411, WI: higher priced homes
- 54568, WI: higher priced homes
- 54727, WI: higher priced homes
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