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These days, finding an affordable place to live in the 87551 area can be challenging. Home prices in 87551 are now at a median cost of $173,300, lower than the New Mexico average of $199,923.
The average cost of rent is $842/mo in 87551, primarily driven by the current value of real estate in the 87551 area. While nearly 81.80% of residents own their homes outright in 87551, 24.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87551 is $5,426 per month. Households that rent pay about 15.52% of their income on rent here. 87551's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 87575, NM: equally priced homes
- 87520, NM: equally priced homes
- 87419, NM: less expensive homes
- 87564, NM: higher priced homes
- 87519, NM: higher priced homes
- 87556, NM: higher priced homes
- 87412, NM: less expensive homes
- 87558, NM: higher priced homes
- 87413, NM: less expensive homes
- 87410, NM: equally priced homes
Zip Codes with Similar Populations
- 57214, SD: less expensive homes
- 58001, ND: higher priced homes
- 57773, SD: higher priced homes
- 57661, SD: less expensive homes
- 57657, SD: less expensive homes
- 57520, SD: less expensive homes
- 57475, SD: less expensive homes
- 57466, SD: less expensive homes
- 57337, SD: less expensive homes
- 58057, ND: less expensive homes
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