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These days, finding an affordable place to live in the 87506 area can be challenging. Home prices in 87506 are now at a median cost of $654,754, higher than the New Mexico average of $265,486.
The average cost of rent is $1,238/mo in 87506, primarily driven by the current value of real estate in the 87506 area. In 87506, 17.33% of households rent, and 57.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87506 is $8,759 per month. Households that rent pay about 14.13% of their income on rent here. 87506’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central 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
- 87574, NM: higher priced homes
- 87547, NM: less expensive homes
- 87567, NM: less expensive homes
- 87532, NM: less expensive homes
- 87544, NM: less expensive homes
- 87573, NM: less expensive homes
- 87742, NM: less expensive homes
- 87025, NM: less expensive homes
- 87715, NM: less expensive homes
- 87732, NM: less expensive homes
Zip Codes with Similar Populations
- 67156, KS: less expensive homes
- 34235, FL: less expensive homes
- 34475, FL: less expensive homes
- 35210, AL: less expensive homes
- 36106, AL: less expensive homes
- 36567, AL: less expensive homes
- 37073, TN: less expensive homes
- 37204, TN: higher priced homes
- 38103, TN: less expensive homes
- 39367, MS: less expensive homes
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