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Affordable
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These days, finding an affordable place to live in the 87715 area can be challenging. Home prices in 87715 are now at a median cost of $153,267, lower than the New Mexico average of $265,486.
The average cost of rent is $1,103/mo in 87715, primarily driven by the current value of real estate in the 87715 area. In 87715, 13.78% of households rent, and 74.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87715 is $5,853 per month. Households that rent pay about 18.85% of their income on rent here. 87715’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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
- 87723, NM: equally priced homes
- 87732, NM: equally priced homes
- 87736, NM: less expensive homes
- 87712, NM: less expensive homes
- 87742, NM: higher priced homes
- 87745, NM: higher priced homes
- 87735, NM: equally priced homes
- 87578, NM: higher priced homes
- 87753, NM: higher priced homes
- 87523, NM: higher priced homes
Zip Codes with Similar Populations
- 99760, AK: equally priced homes
- 14536, NY: less expensive homes
- 11958, NY: higher priced homes
- 65720, MO: higher priced homes
- 73053, OK: less expensive homes
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- 66953, KS: less expensive homes
- 67053, KS: equally priced homes
- 67445, KS: less expensive homes
- 67837, KS: higher priced homes
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