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Affordable
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These days, finding an affordable place to live in the 87583 area can be challenging. Home prices in 87583 are now at a median cost of $111,500, lower than the New Mexico average of $265,486.
The average cost of rent is $953/mo in 87583, primarily driven by the current value of real estate in the 87583 area. In 87583, 6.93% of households rent, and 91.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87583 is $2,492 per month. Households that rent pay about 38.24% of their income on rent here. 87583’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
- 87560, NM: higher priced homes
- 87569, NM: higher priced homes
- 87711, NM: equally priced homes
- 87724, NM: less expensive homes
- 87056, NM: higher priced homes
- 88421, NM: higher priced homes
- 87047, NM: higher priced homes
- 87008, NM: higher priced homes
- 88431, NM: higher priced homes
- 87043, NM: higher priced homes
Zip Codes with Similar Populations
- 28616, NC: higher priced homes
- 88416, NM: higher priced homes
- 88132, NM: higher priced homes
- 88118, NM: higher priced homes
- 87943, NM: higher priced homes
- 87831, NM: higher priced homes
- 87713, NM: higher priced homes
- 87512, NM: higher priced homes
- 84621, UT: higher priced homes
- 81220, CO: higher priced homes
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