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Expensive
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These days, finding an affordable place to live in the 87512 area can be challenging. Home prices in 87512 are now at a median cost of $174,500, lower than the New Mexico average of $199,923.
The average cost of rent is $686/mo in 87512, primarily driven by the current value of real estate in the 87512 area. While nearly 47.47% of residents own their homes outright in 87512, 29.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87512 is $6,964 per month. Households that rent pay about 9.85% of their income on rent here. 87512's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 87524, NM: higher priced homes
- 81138, CO: less expensive homes
- 81129, CO: less expensive homes
- 81120, CO: higher priced homes
- 87740, NM: less expensive homes
- 87520, NM: equally priced homes
- 81081, CO: higher priced homes
- 81128, CO: higher priced homes
- 87528, NM: less expensive homes
- 88419, NM: equally priced homes
Zip Codes with Similar Populations
- 29329, SC: less expensive homes
- 87583, NM: less expensive homes
- 87499, NM: less expensive homes
- 85360, AZ: equally priced homes
- 36039, AL: less expensive homes
- 35990, AL: less expensive homes
- 35477, AL: less expensive homes
- 33944, FL: less expensive homes
- 33877, FL: less expensive homes
- 32658, FL: less expensive homes
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