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Affordable
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These days, finding an affordable place to live in the 87535 area can be challenging. Home prices in 87535 are now at a median cost of $439,132, higher than the New Mexico average of $265,486.
The average cost of rent is $1,385/mo in 87535, primarily driven by the current value of real estate in the 87535 area. In 87535, 28.05% of households rent, and 35.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87535 is $6,485 per month. Households that rent pay about 21.35% of their income on rent here. 87535’s most expensive areas are in the southern 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
- 87552, NM: less expensive homes
- 87562, NM: less expensive homes
- 87540, NM: higher priced homes
- 87505, NM: higher priced homes
- 87538, NM: less expensive homes
- 87508, NM: higher priced homes
- 87501, NM: higher priced homes
- 87507, NM: less expensive homes
- 87565, NM: less expensive homes
- 87731, NM: less expensive homes
Zip Codes with Similar Populations
- 04421, ME: higher priced homes
- 98593, WA: less expensive homes
- 04969, ME: less expensive homes
- 05734, VT: less expensive homes
- 97454, OR: higher priced homes
- 10505, NY: higher priced homes
- 02666, MA: higher priced homes
- 83344, ID: less expensive homes
- 19503, PA: less expensive homes
- 67448, KS: less expensive homes
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