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Affordable
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These days, finding an affordable place to live in the 87577 area can be challenging. Home prices in 87577 are now at a median cost of $320,534, higher than the New Mexico average of $265,486.
The average cost of rent is $631/mo in 87577, primarily driven by the current value of real estate in the 87577 area. In 87577, 4.41% of households rent, and 65.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87577 is $3,779 per month. Households that rent pay about 16.71% of their income on rent here. 87577’s most expensive areas are in the northern regions, while the cheapest areas are in the southern 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
- 87554, NM: less expensive homes
- 87513, NM: equally priced homes
- 87564, NM: higher priced homes
- 87580, NM: higher priced homes
- 87529, NM: higher priced homes
- 87514, NM: higher priced homes
- 87581, NM: less expensive homes
- 87525, NM: higher priced homes
- 87558, NM: equally priced homes
- 87718, NM: higher priced homes
Zip Codes with Similar Populations
- 92305, CA: higher priced homes
- 16839, PA: less expensive homes
- 17213, PA: less expensive homes
- 35149, AL: less expensive homes
- 36314, AL: less expensive homes
- 47335, IN: less expensive homes
- 72851, AR: less expensive homes
- 83650, ID: higher priced homes
- 87005, NM: less expensive homes
- 87014, NM: less expensive homes
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