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These days, finding an affordable place to live in the 87523 area can be challenging. Home prices in 87523 are now at a median cost of $222,816, lower than the New Mexico average of $265,486.
The average cost of rent is $911/mo in 87523, primarily driven by the current value of real estate in the 87523 area. In 87523, 11.24% of households rent, and 97.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87523 is $4,480 per month. Households that rent pay about 20.34% of their income on rent here. 87523’s most expensive areas are in the southwestern 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
- 87578, NM: higher priced homes
- 87522, NM: higher priced homes
- 87567, NM: equally priced homes
- 87521, NM: equally priced homes
- 87532, NM: higher priced homes
- 87511, NM: equally priced homes
- 87582, NM: higher priced homes
- 87527, NM: higher priced homes
- 87566, NM: equally priced homes
- 87543, NM: less expensive homes
Zip Codes with Similar Populations
- 83278, ID: higher priced homes
- 17953, PA: less expensive homes
- 18245, PA: equally priced homes
- 18461, PA: equally priced homes
- 18473, PA: equally priced homes
- 19436, PA: higher priced homes
- 19523, PA: higher priced homes
- 22641, VA: higher priced homes
- 24457, VA: less expensive homes
- 24878, WV: less expensive homes
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