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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 $251,421, higher than the New Mexico average of $199,923.
The average cost of rent is $1,182/mo in 87507, primarily driven by the current value of real estate in the 87507 area. While nearly 45.12% of residents own their homes outright in 87507, 28.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87507 is $4,891 per month. Households that rent pay about 24.16% of their income on rent here. 87507's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the zip.
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: less expensive homes
- 85022, AZ: higher priced homes
- 84120, UT: equally priced homes
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