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These days, finding an affordable place to live in the 87417 area can be challenging. Home prices in 87417 are now at a median cost of $199,492, lower than the New Mexico average of $265,486.
The average cost of rent is $742/mo in 87417, primarily driven by the current value of real estate in the 87417 area. In 87417, 26.34% of households rent, and 56.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87417 is $6,287 per month. Households that rent pay about 11.80% of their income on rent here. 87417’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
- 87416, NM: less expensive homes
- 87401, NM: equally priced homes
- 87421, NM: less expensive homes
- 87402, NM: higher priced homes
- 87415, NM: higher priced homes
- 87410, NM: equally priced homes
- 87413, NM: less expensive homes
- 87420, NM: less expensive homes
- 87412, NM: equally priced homes
- 87419, NM: equally priced homes
Zip Codes with Similar Populations
- 01773, MA: higher priced homes
- 55321, MN: higher priced homes
- 48049, MI: higher priced homes
- 48095, MI: higher priced homes
- 48412, MI: higher priced homes
- 49098, MI: less expensive homes
- 49099, MI: equally priced homes
- 49330, MI: higher priced homes
- 49421, MI: less expensive homes
- 50461, IA: less expensive homes
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