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Expensive
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These days, finding an affordable place to live in the 87556 area can be challenging. Home prices in 87556 are now at a median cost of $196,748, lower than the New Mexico average of $199,923.
The average cost of rent is $799/mo in 87556, primarily driven by the current value of real estate in the 87556 area. While nearly 47.10% of residents own their homes outright in 87556, 19.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87556 is $5,333 per month. Households that rent pay about 14.98% of their income on rent here. 87556's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 87519, NM: higher priced homes
- 87564, NM: higher priced homes
- 87558, NM: higher priced homes
- 87575, NM: less expensive homes
- 87520, NM: less expensive homes
- 87551, NM: less expensive homes
- 87740, NM: less expensive homes
- 88414, NM: less expensive homes
- 88418, NM: less expensive homes
- 88419, NM: less expensive homes
Zip Codes with Similar Populations
- 35019, AL: less expensive homes
- 24243, VA: less expensive homes
- 25535, WV: less expensive homes
- 25559, WV: less expensive homes
- 27986, NC: less expensive homes
- 28373, NC: less expensive homes
- 28698, NC: equally priced homes
- 31829, GA: higher priced homes
- 32228, FL: equally priced homes
- 26261, WV: less expensive homes
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