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These days, finding an affordable place to live in the 87461 area can be challenging. Home prices in 87461 are now at a median cost of $50,225, lower than the New Mexico average of $199,923.
The average cost of rent is $600/mo in 87461, primarily driven by the current value of real estate in the 87461 area. While nearly 87.71% of residents own their homes outright in 87461, 12.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87461 is $2,511 per month. Households that rent pay about 23.88% of their income on rent here. 87461's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 87455, NM: less expensive homes
- 86544, AZ: equally priced homes
- 86507, AZ: equally priced homes
- 86547, AZ: less expensive homes
- 86538, AZ: less expensive homes
- 86054, AZ: higher priced homes
- 87029, NM: higher priced homes
- 86044, AZ: equally priced homes
- 86053, AZ: equally priced homes
- 87518, NM: higher priced homes
Zip Codes with Similar Populations
- 99161, WA: higher priced homes
- 84746, UT: higher priced homes
- 86032, AZ: higher priced homes
- 86337, AZ: higher priced homes
- 93606, CA: higher priced homes
- 95468, CA: higher priced homes
- 95681, CA: higher priced homes
- 95919, CA: higher priced homes
- 96729, HI: higher priced homes
- 98326, WA: higher priced homes
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