Affordable
Expensive
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These days, finding an affordable place to live in the 87731 area can be challenging. Home prices in 87731 are now at a median cost of $271,428, higher than the New Mexico average of $199,923.
The average cost of rent is $605/mo in 87731, primarily driven by the current value of real estate in the 87731 area. While nearly 83.59% of residents own their homes outright in 87731, 14.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87731 is $2,910 per month. Households that rent pay about 20.80% of their income on rent here. 87731's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 87701, NM: less expensive homes
- 87573, NM: less expensive homes
- 87552, NM: less expensive homes
- 87535, NM: equally priced homes
- 87501, NM: higher priced homes
- 87505, NM: higher priced homes
- 87508, NM: higher priced homes
- 87507, NM: equally priced homes
- 87083, NM: less expensive homes
- 87041, NM: less expensive homes
Zip Codes with Similar Populations
- 12421, NY: less expensive homes
- 03780, NH: less expensive homes
- 97839, OR: less expensive homes
- 98538, WA: equally priced homes
- 99626, AK: less expensive homes
- 13321, NY: less expensive homes
- 12849, NY: less expensive homes
- 12164, NY: less expensive homes
- 12035, NY: less expensive homes
- 07939, NJ: higher priced homes
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