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These days, finding an affordable place to live in the 87718 area can be challenging. Home prices in 87718 are now at a median cost of $142,900, lower than the New Mexico average of $199,923.
The average cost of rent is $876/mo in 87718, primarily driven by the current value of real estate in the 87718 area. While nearly 71.93% of residents own their homes outright in 87718, 28.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87718 is $3,642 per month. Households that rent pay about 24.05% of their income on rent here. 87718's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 87749, NM: equally priced homes
- 87525, NM: higher priced homes
- 87558, NM: higher priced homes
- 87514, NM: higher priced homes
- 87580, NM: higher priced homes
- 87529, NM: higher priced homes
- 87714, NM: equally priced homes
- 87564, NM: higher priced homes
- 87513, NM: higher priced homes
- 87577, NM: higher priced homes
Zip Codes with Similar Populations
- 02876, RI: higher priced homes
- 15346, PA: less expensive homes
- 14872, NY: equally priced homes
- 12998, NY: less expensive homes
- 12434, NY: equally priced homes
- 11975, NY: higher priced homes
- 05775, VT: higher priced homes
- 05669, VT: higher priced homes
- 04780, ME: less expensive homes
- 04573, ME: higher priced homes
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