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These days, finding an affordable place to live in the 87420 area can be challenging. Home prices in 87420 are now at a median cost of $97,273, lower than the New Mexico average of $265,486.
The average cost of rent is $695/mo in 87420, primarily driven by the current value of real estate in the 87420 area. In 87420, 40.63% of households rent, and 84.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87420 is $3,088 per month. Households that rent pay about 22.51% of their income on rent here. 87420’s most expensive areas are in the western regions, while the cheapest areas are in the southwestern 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
- 87421, NM: higher priced homes
- 87416, NM: equally priced homes
- 87417, NM: higher priced homes
- 87401, NM: higher priced homes
- 87402, NM: higher priced homes
- 87415, NM: higher priced homes
- 86514, AZ: less expensive homes
- 87410, NM: higher priced homes
- 87413, NM: higher priced homes
- 86545, AZ: less expensive homes
Zip Codes with Similar Populations
- 02743, MA: higher priced homes
- 93620, CA: higher priced homes
- 95386, CA: higher priced homes
- 18071, PA: higher priced homes
- 17540, PA: higher priced homes
- 17313, PA: higher priced homes
- 15207, PA: higher priced homes
- 15203, PA: higher priced homes
- 14625, NY: higher priced homes
- 14454, NY: higher priced homes
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