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Affordable
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These days, finding an affordable place to live in the 87557 area can be challenging. Home prices in 87557 are now at a median cost of $377,395, higher than the New Mexico average of $265,486.
The average cost of rent is $1,173/mo in 87557, primarily driven by the current value of real estate in the 87557 area. In 87557, 21.24% of households rent, and 70.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87557 is $5,611 per month. Households that rent pay about 20.90% of their income on rent here. 87557’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern 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
- 87571, NM: equally priced homes
- 87529, NM: higher priced homes
- 87517, NM: less expensive homes
- 87531, NM: less expensive homes
- 87710, NM: higher priced homes
- 87554, NM: less expensive homes
- 87539, NM: less expensive homes
- 87549, NM: less expensive homes
- 87581, NM: less expensive homes
- 87530, NM: less expensive homes
Zip Codes with Similar Populations
- 06057, CT: equally priced homes
- 87313, NM: less expensive homes
- 12077, NY: equally priced homes
- 10590, NY: higher priced homes
- 08533, NJ: higher priced homes
- 07830, NJ: higher priced homes
- 05663, VT: less expensive homes
- 05443, VT: equally priced homes
- 04937, ME: less expensive homes
- 04027, ME: less expensive homes
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