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These days, finding an affordable place to live in the 87820 area can be challenging. Home prices in 87820 are now at a median cost of $122,776, lower than the New Mexico average of $199,923.
The average cost of rent is $965/mo in 87820, primarily driven by the current value of real estate in the 87820 area. While nearly 92.10% of residents own their homes outright in 87820, 12.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87820 is $2,676 per month. Households that rent pay about 36.06% of their income on rent here. 87820's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 87830, NM: equally priced homes
- 87824, NM: equally priced homes
- 85920, AZ: higher priced homes
- 85932, AZ: higher priced homes
- 85941, AZ: less expensive homes
- 85926, AZ: less expensive homes
- 87832, NM: higher priced homes
- 85553, AZ: higher priced homes
- 85263, AZ: higher priced homes
- 85262, AZ: higher priced homes
Zip Codes with Similar Populations
- 84728, UT: higher priced homes
- 32970, FL: less expensive homes
- 36581, AL: higher priced homes
- 38623, MS: less expensive homes
- 38644, MS: higher priced homes
- 40007, KY: equally priced homes
- 42338, KY: less expensive homes
- 43902, OH: equally priced homes
- 83827, ID: equally priced homes
- 31814, GA: higher priced homes
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