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Affordable
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These days, finding an affordable place to live in the 87581 area can be challenging. Home prices in 87581 are now at a median cost of $287,900, higher than the New Mexico average of $265,486.
The average cost of rent is $740/mo in 87581, primarily driven by the current value of real estate in the 87581 area. In 87581, 0.00% of households rent, and 82.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87581 is $3,622 per month. Households that rent pay about 20.43% of their income on rent here. 87581’s most expensive areas are in the central 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
- 87554, NM: equally priced homes
- 87539, NM: equally priced homes
- 87530, NM: equally priced homes
- 87577, NM: higher priced homes
- 87515, NM: less expensive homes
- 87518, NM: less expensive homes
- 87517, NM: equally priced homes
- 87513, NM: higher priced homes
- 87529, NM: higher priced homes
- 87557, NM: higher priced homes
Zip Codes with Similar Populations
- 76490, TX: higher priced homes
- 55607, MN: higher priced homes
- 55725, MN: higher priced homes
- 55968, MN: less expensive homes
- 56371, MN: less expensive homes
- 56568, MN: less expensive homes
- 56654, MN: less expensive homes
- 57027, SD: less expensive homes
- 57636, SD: less expensive homes
- 58353, ND: less expensive homes
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