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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 $116,205, lower than the New Mexico average of $199,923.
The average cost of rent is $532/mo in 87715, primarily driven by the current value of real estate in the 87715 area. While nearly 70.61% of residents own their homes outright in 87715, 8.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87715 is $4,186 per month. Households that rent pay about 12.71% of their income on rent here. 87715's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the zip.
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: less expensive homes
- 87578, NM: higher priced homes
- 87753, NM: less expensive homes
- 87523, NM: higher priced homes
Zip Codes with Similar Populations
- 99760, AK: less expensive homes
- 14536, NY: less expensive homes
- 11958, NY: higher priced homes
- 65720, MO: higher priced homes
- 73053, OK: equally priced homes
- 66520, KS: higher priced homes
- 66953, KS: less expensive homes
- 67053, KS: higher priced homes
- 67445, KS: less expensive homes
- 67837, KS: higher priced homes
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