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These days, finding an affordable place to live in the 87537 area can be challenging. Home prices in 87537 are now at a median cost of $275,881, higher than the New Mexico average of $265,486.
The average cost of rent is $892/mo in 87537, primarily driven by the current value of real estate in the 87537 area. In 87537, 19.29% of households rent, and 60.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87537 is $5,296 per month. Households that rent pay about 16.85% of their income on rent here. 87537’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 87566, NM: less expensive homes
- 87511, NM: less expensive homes
- 87548, NM: higher priced homes
- 87532, NM: less expensive homes
- 87567, NM: less expensive homes
- 87582, NM: equally priced homes
- 87522, NM: equally priced homes
- 87523, NM: less expensive homes
- 87527, NM: higher priced homes
- 87578, NM: equally priced homes
Zip Codes with Similar Populations
- 12154, NY: equally priced homes
- 98340, WA: higher priced homes
- 97469, OR: less expensive homes
- 95536, CA: higher priced homes
- 95524, CA: higher priced homes
- 95454, CA: higher priced homes
- 87034, NM: less expensive homes
- 75630, TX: less expensive homes
- 75490, TX: higher priced homes
- 74435, OK: less expensive homes
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