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These days, finding an affordable place to live in the 87508 area can be challenging. Home prices in 87508 are now at a median cost of $394,128, higher than the New Mexico average of $199,923.
The average cost of rent is $1,444/mo in 87508, primarily driven by the current value of real estate in the 87508 area. While nearly 42.58% of residents own their homes outright in 87508, 12.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87508 is $6,595 per month. Households that rent pay about 21.90% of their income on rent here. 87508's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 87507, NM: less expensive homes
- 87505, NM: higher priced homes
- 87540, NM: equally priced homes
- 87501, NM: higher priced homes
- 87010, NM: less expensive homes
- 87535, NM: less expensive homes
- 87552, NM: less expensive homes
- 87562, NM: less expensive homes
- 87041, NM: less expensive homes
- 87083, NM: less expensive homes
Zip Codes with Similar Populations
- 85748, AZ: less expensive homes
- 28712, NC: less expensive homes
- 29053, SC: less expensive homes
- 98506, WA: equally priced homes
- 33167, FL: less expensive homes
- 95959, CA: higher priced homes
- 33301, FL: higher priced homes
- 33408, FL: higher priced homes
- 94564, CA: higher priced homes
- 92264, CA: less expensive homes
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