Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 87540 area can be challenging. Home prices in 87540 are now at a median cost of $417,552, higher than the New Mexico average of $199,923.
The average cost of rent is $1,133/mo in 87540, primarily driven by the current value of real estate in the 87540 area. While nearly 41.16% of residents own their homes outright in 87540, 13.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87540 is $7,036 per month. Households that rent pay about 16.10% of their income on rent here. 87540's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 87508, NM: equally priced homes
- 87535, NM: less expensive homes
- 87010, NM: less expensive homes
- 87562, NM: less expensive homes
- 87552, NM: less expensive homes
- 87538, NM: less expensive homes
- 87565, NM: less expensive homes
- 87052, NM: less expensive homes
- 87041, NM: less expensive homes
- 87560, NM: less expensive homes
Zip Codes with Similar Populations
- 12087, NY: less expensive homes
- 12160, NY: less expensive homes
- 13684, NY: less expensive homes
- 12427, NY: less expensive homes
- 13322, NY: less expensive homes
- 64096, MO: less expensive homes
- 61015, IL: less expensive homes
- 61239, IL: less expensive homes
- 62094, IL: less expensive homes
- 62431, IL: less expensive homes
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