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Expensive
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These days, finding an affordable place to live in the 87511 area can be challenging. Home prices in 87511 are now at a median cost of $166,183, lower than the New Mexico average of $199,923.
The average cost of rent is $418/mo in 87511, primarily driven by the current value of real estate in the 87511 area. While nearly 42.38% of residents own their homes outright in 87511, 31.25% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87511 is $4,277 per month. Households that rent pay about 9.78% of their income on rent here. 87511's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 87566, NM: higher priced homes
- 87582, NM: equally priced homes
- 87537, NM: equally priced homes
- 87549, NM: equally priced homes
- 87522, NM: higher priced homes
- 87548, NM: equally priced homes
- 87527, NM: higher priced homes
- 87531, NM: equally priced homes
- 87523, NM: equally priced homes
- 87578, NM: equally priced homes
Zip Codes with Similar Populations
- 64840, MO: equally priced homes
- 39663, MS: less expensive homes
- 43324, OH: higher priced homes
- 30624, GA: less expensive homes
- 29107, SC: less expensive homes
- 61540, IL: less expensive homes
- 80103, CO: higher priced homes
- 11976, NY: higher priced homes
- 80117, CO: higher priced homes
- 07865, NJ: higher priced homes
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