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Affordable
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These days, finding an affordable place to live in the 87518 area can be challenging. Home prices in 87518 are now at a median cost of $198,900, lower than the New Mexico average of $265,486.
The average cost of rent is $479/mo in 87518, primarily driven by the current value of real estate in the 87518 area. In 87518, 10.54% of households rent, and 79.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87518 is $6,172 per month. Households that rent pay about 7.76% of their income on rent here. 87518’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 87515, NM: equally priced homes
- 87581, NM: higher priced homes
- 87554, NM: higher priced homes
- 87577, NM: higher priced homes
- 87513, NM: higher priced homes
- 87564, NM: higher priced homes
- 87529, NM: higher priced homes
- 87580, NM: higher priced homes
- 87514, NM: higher priced homes
- 87525, NM: higher priced homes
Zip Codes with Similar Populations
- 79056, TX: less expensive homes
- 56711, MN: higher priced homes
- 56755, MN: less expensive homes
- 57197, SD: higher priced homes
- 57457, SD: less expensive homes
- 57537, SD: equally priced homes
- 76654, TX: higher priced homes
- 76869, TX: higher priced homes
- 76957, TX: higher priced homes
- 77428, TX: higher priced homes
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