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Expensive
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These days, finding an affordable place to live in the 87701 area can be challenging. Home prices in 87701 are now at a median cost of $135,883, lower than the New Mexico average of $199,923.
The average cost of rent is $634/mo in 87701, primarily driven by the current value of real estate in the 87701 area. While nearly 57.31% of residents own their homes outright in 87701, 36.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87701 is $3,142 per month. Households that rent pay about 20.18% of their income on rent here. 87701's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 87731, NM: higher priced homes
- 87565, NM: higher priced homes
- 87538, NM: higher priced homes
- 87552, NM: less expensive homes
- 87562, NM: equally priced homes
- 87535, NM: higher priced homes
- 87540, NM: higher priced homes
- 87501, NM: higher priced homes
- 87505, NM: higher priced homes
- 88439, NM: less expensive homes
Zip Codes with Similar Populations
- 12561, NY: higher priced homes
- 53024, WI: higher priced homes
- 37938, TN: higher priced homes
- 38829, MS: less expensive homes
- 01742, MA: higher priced homes
- 40769, KY: less expensive homes
- 43138, OH: equally priced homes
- 43611, OH: less expensive homes
- 44647, OH: equally priced homes
- 44709, OH: higher priced homes
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