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These days, finding an affordable place to live in the 87418 area can be challenging. Home prices in 87418 are now at a median cost of $166,510, lower than the New Mexico average of $199,923.
The average cost of rent is $978/mo in 87418, primarily driven by the current value of real estate in the 87418 area. While nearly 41.84% of residents own their homes outright in 87418, 5.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87418 is $6,154 per month. Households that rent pay about 15.89% of their income on rent here. 87418's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 87415, NM: higher priced homes
- 87410, NM: equally priced homes
- 87419, NM: less expensive homes
- 81121, CO: higher priced homes
- 87528, NM: less expensive homes
- 86514, AZ: less expensive homes
- 81128, CO: higher priced homes
- 87520, NM: equally priced homes
- 86535, AZ: less expensive homes
- 84531, UT: less expensive homes
Zip Codes with Similar Populations
- 93441, CA: higher priced homes
- 18219, PA: equally priced homes
- 20617, MD: higher priced homes
- 22969, VA: higher priced homes
- 23959, VA: less expensive homes
- 81645, CO: higher priced homes
- 83342, ID: higher priced homes
- 89025, NV: higher priced homes
- 92091, CA: higher priced homes
- 03084, NH: higher priced homes
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