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These days, finding an affordable place to live in the 87547 area can be challenging. Home prices in 87547 are now at a median cost of $414,718, higher than the New Mexico average of $199,923.
The average cost of rent is $1,473/mo in 87547, primarily driven by the current value of real estate in the 87547 area. While nearly 40.85% of residents own their homes outright in 87547, 4.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87547 is $14,302 per month. Households that rent pay about 10.30% of their income on rent here. 87547's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 87544, NM: less expensive homes
- 87506, NM: higher priced homes
- 87532, NM: less expensive homes
- 87567, NM: less expensive homes
- 87574, NM: higher priced homes
- 87025, NM: less expensive homes
- 87573, NM: less expensive homes
- 87742, NM: less expensive homes
- 87715, NM: less expensive homes
- 87732, NM: less expensive homes
Zip Codes with Similar Populations
- 68818, NE: less expensive homes
- 56751, MN: less expensive homes
- 57770, SD: less expensive homes
- 58316, ND: less expensive homes
- 62448, IL: less expensive homes
- 65548, MO: less expensive homes
- 65631, MO: less expensive homes
- 65648, MO: less expensive homes
- 65653, MO: less expensive homes
- 66616, KS: less expensive homes
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