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These days, finding an affordable place to live in the 87562 area can be challenging. Home prices in 87562 are now at a median cost of $221,931, lower than the New Mexico average of $265,486.
The average cost of rent is $932/mo in 87562, primarily driven by the current value of real estate in the 87562 area. In 87562, 25.87% of households rent, and 91.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87562 is $3,352 per month. Households that rent pay about 27.80% of their income on rent here. 87562’s most expensive areas are in the eastern regions, while the cheapest areas are in the central 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
- 87552, NM: equally priced homes
- 87535, NM: higher priced homes
- 87538, NM: higher priced homes
- 87565, NM: equally priced homes
- 87540, NM: higher priced homes
- 87560, NM: less expensive homes
- 87508, NM: higher priced homes
- 87569, NM: equally priced homes
- 87701, NM: less expensive homes
- 87010, NM: higher priced homes
Zip Codes with Similar Populations
- 95585, CA: higher priced homes
- 14877, NY: less expensive homes
- 15536, PA: less expensive homes
- 15547, PA: less expensive homes
- 15677, PA: equally priced homes
- 15711, PA: less expensive homes
- 16329, PA: less expensive homes
- 16620, PA: less expensive homes
- 95526, CA: higher priced homes
- 03579, NH: equally priced homes
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