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These days, finding an affordable place to live in the 87580 area can be challenging. Home prices in 87580 are now at a median cost of $544,306, higher than the New Mexico average of $265,486.
The average cost of rent is $1,486/mo in 87580, primarily driven by the current value of real estate in the 87580 area. In 87580, 18.03% of households rent, and 87.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87580 is $3,153 per month. Households that rent pay about 47.13% of their income on rent here. 87580’s most expensive areas are in the central regions, while the cheapest areas are in the eastern 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
- 87514, NM: equally priced homes
- 87513, NM: less expensive homes
- 87564, NM: less expensive homes
- 87529, NM: equally priced homes
- 87525, NM: less expensive homes
- 87558, NM: less expensive homes
- 87577, NM: less expensive homes
- 87718, NM: less expensive homes
- 87554, NM: less expensive homes
- 87749, NM: less expensive homes
Zip Codes with Similar Populations
- 05154, VT: less expensive homes
- 05359, VT: less expensive homes
- 06024, CT: less expensive homes
- 06262, CT: less expensive homes
- 08353, NJ: less expensive homes
- 12108, NY: less expensive homes
- 12952, NY: less expensive homes
- 14808, NY: less expensive homes
- 28619, NC: less expensive homes
- 65768, MO: less expensive homes
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