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These days, finding an affordable place to live in the 87740 area can be challenging. Home prices in 87740 are now at a median cost of $116,503, lower than the New Mexico average of $199,923.
The average cost of rent is $605/mo in 87740, primarily driven by the current value of real estate in the 87740 area. While nearly 52.67% of residents own their homes outright in 87740, 32.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87740 is $3,177 per month. Households that rent pay about 19.05% of their income on rent here. 87740's most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 88414, NM: higher priced homes
- 88418, NM: higher priced homes
- 88419, NM: higher priced homes
- 87512, NM: higher priced homes
- 87524, NM: higher priced homes
- 87556, NM: higher priced homes
- 87519, NM: higher priced homes
- 73946, OK: less expensive homes
- 73933, OK: less expensive homes
- 87575, NM: higher priced homes
Zip Codes with Similar Populations
- 03042, NH: higher priced homes
- 03811, NH: higher priced homes
- 05855, VT: higher priced homes
- 98388, WA: higher priced homes
- 07092, NJ: higher priced homes
- 70090, LA: higher priced homes
- 56367, MN: higher priced homes
- 56573, MN: higher priced homes
- 61036, IL: higher priced homes
- 61270, IL: higher priced homes
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