Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 87724 area can be challenging. Home prices in 87724 are now at a median cost of $75,000, lower than the New Mexico average of $199,923.
The average cost of rent is $382/mo in 87724, primarily driven by the current value of real estate in the 87724 area. While nearly 92.77% of residents own their homes outright in 87724, 37.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87724 is $1,712 per month. Households that rent pay about 22.31% of their income on rent here. 87724's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 87711, NM: higher priced homes
- 87583, NM: higher priced homes
- 87070, NM: higher priced homes
- 88431, NM: higher priced homes
- 87056, NM: higher priced homes
- 87015, NM: higher priced homes
- 87047, NM: higher priced homes
- 87059, NM: higher priced homes
- 87008, NM: higher priced homes
- 88401, NM: equally priced homes
Zip Codes with Similar Populations
- 81642, CO: higher priced homes
- 53195, WI: higher priced homes
- 53501, WI: higher priced homes
- 56022, MN: higher priced homes
- 56056, MN: higher priced homes
- 56075, MN: higher priced homes
- 77987, TX: higher priced homes
- 78836, TX: less expensive homes
- 79234, TX: equally priced homes
- 79540, TX: less expensive homes
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