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These days, finding an affordable place to live in the 87564 area can be challenging. Home prices in 87564 are now at a median cost of $402,020, higher than the New Mexico average of $265,486.
The average cost of rent is $861/mo in 87564, primarily driven by the current value of real estate in the 87564 area. In 87564, 31.59% of households rent, and 25.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87564 is $5,462 per month. Households that rent pay about 15.77% of their income on rent here. 87564’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
- 87580, NM: higher priced homes
- 87513, NM: less expensive homes
- 87514, NM: higher priced homes
- 87556, NM: less expensive homes
- 87519, NM: less expensive homes
- 87525, NM: higher priced homes
- 87577, NM: less expensive homes
- 87558, NM: less expensive homes
- 87718, NM: equally priced homes
- 87749, NM: equally priced homes
Zip Codes with Similar Populations
- 80750, CO: equally priced homes
- 13664, NY: less expensive homes
- 13861, NY: less expensive homes
- 15676, PA: less expensive homes
- 15779, PA: less expensive homes
- 16343, PA: less expensive homes
- 84775, UT: higher priced homes
- 83464, ID: less expensive homes
- 82516, WY: less expensive homes
- 03770, NH: higher priced homes
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