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These days, finding an affordable place to live in the 87520 area can be challenging. Home prices in 87520 are now at a median cost of $243,709, lower than the New Mexico average of $265,486.
The average cost of rent is $547/mo in 87520, primarily driven by the current value of real estate in the 87520 area. In 87520, 14.34% of households rent, and 46.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87520 is $3,849 per month. Households that rent pay about 14.21% of their income on rent here. 87520’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern 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
- 87575, NM: equally priced homes
- 87551, NM: less expensive homes
- 87528, NM: less expensive homes
- 87519, NM: higher priced homes
- 87556, NM: equally priced homes
- 87524, NM: equally priced homes
- 87419, NM: less expensive homes
- 87512, NM: less expensive homes
- 87412, NM: less expensive homes
- 87410, NM: less expensive homes
Zip Codes with Similar Populations
- 08328, NJ: higher priced homes
- 12592, NY: higher priced homes
- 13477, NY: less expensive homes
- 13835, NY: less expensive homes
- 14143, NY: less expensive homes
- 03230, NH: equally priced homes
- 94923, CA: higher priced homes
- 68651, NE: less expensive homes
- 63945, MO: less expensive homes
- 64867, MO: less expensive homes
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