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These days, finding an affordable place to live in the 87507 area can be challenging. Home prices in 87507 are now at a median cost of $372,808, higher than the New Mexico average of $265,486.
The average cost of rent is $1,416/mo in 87507, primarily driven by the current value of real estate in the 87507 area. In 87507, 32.18% of households rent, and 45.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87507 is $6,164 per month. Households that rent pay about 22.97% of their income on rent here. 87507’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western 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
- 87505, NM: higher priced homes
- 87508, NM: higher priced homes
- 87501, NM: higher priced homes
- 87535, NM: higher priced homes
- 87083, NM: less expensive homes
- 87041, NM: less expensive homes
- 87072, NM: less expensive homes
- 87052, NM: less expensive homes
- 87552, NM: less expensive homes
- 87573, NM: less expensive homes
Zip Codes with Similar Populations
- 18102, PA: less expensive homes
- 76133, TX: less expensive homes
- 89074, NV: higher priced homes
- 85365, AZ: less expensive homes
- 85295, AZ: higher priced homes
- 85234, AZ: higher priced homes
- 85207, AZ: higher priced homes
- 85037, AZ: equally priced homes
- 85022, AZ: higher priced homes
- 84120, UT: higher priced homes
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