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These days, finding an affordable place to live in the 87723 area can be challenging. Home prices in 87723 are now at a median cost of $116,300, lower than the New Mexico average of $199,923.
The average cost of rent is $532/mo in 87723, primarily driven by the current value of real estate in the 87723 area. While nearly 69.71% of residents own their homes outright in 87723, 8.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87723 is $4,447 per month. Households that rent pay about 11.96% of their income on rent here. 87723's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 87715, NM: equally priced homes
- 87713, NM: equally priced homes
- 87732, NM: equally priced homes
- 87722, NM: equally priced homes
- 87736, NM: less expensive homes
- 87712, NM: less expensive homes
- 87735, NM: less expensive homes
- 87579, NM: higher priced homes
- 87543, NM: higher priced homes
- 87734, NM: equally priced homes
Zip Codes with Similar Populations
- 25102, WV: less expensive homes
- 81064, CO: higher priced homes
- 80131, CO: higher priced homes
- 40036, KY: equally priced homes
- 37848, TN: equally priced homes
- 31704, GA: less expensive homes
- 27872, NC: less expensive homes
- 26617, WV: less expensive homes
- 26325, WV: higher priced homes
- 25818, WV: equally priced homes
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