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These days, finding an affordable place to live in the 87735 area can be challenging. Home prices in 87735 are now at a median cost of $165,950, lower than the New Mexico average of $265,486.
The average cost of rent is $772/mo in 87735, primarily driven by the current value of real estate in the 87735 area. In 87735, 19.60% of households rent, and 83.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87735 is $3,839 per month. Households that rent pay about 20.11% of their income on rent here. 87735’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 87736, NM: less expensive homes
- 87722, NM: less expensive homes
- 87734, NM: equally priced homes
- 87712, NM: less expensive homes
- 87732, NM: less expensive homes
- 87723, NM: equally priced homes
- 87715, NM: equally priced homes
- 87713, NM: equally priced homes
- 87752, NM: equally priced homes
- 87579, NM: equally priced homes
Zip Codes with Similar Populations
- 81081, CO: higher priced homes
- 58311, ND: less expensive homes
- 58313, ND: equally priced homes
- 58325, ND: higher priced homes
- 60969, IL: equally priced homes
- 61371, IL: higher priced homes
- 61424, IL: equally priced homes
- 61468, IL: equally priced homes
- 79353, TX: less expensive homes
- 79537, TX: less expensive homes
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