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These days, finding an affordable place to live in the 87823 area can be challenging. Home prices in 87823 are now at a median cost of $150,648, lower than the New Mexico average of $199,923.
The average cost of rent is $688/mo in 87823, primarily driven by the current value of real estate in the 87823 area. While nearly 86.04% of residents own their homes outright in 87823, 3.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87823 is $2,548 per month. Households that rent pay about 27.00% of their income on rent here. 87823's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 87828, NM: equally priced homes
- 87831, NM: equally priced homes
- 87801, NM: less expensive homes
- 87825, NM: less expensive homes
- 87011, NM: equally priced homes
- 87821, NM: higher priced homes
- 88318, NM: higher priced homes
- 87829, NM: higher priced homes
- 85938, AZ: higher priced homes
- 85925, AZ: higher priced homes
Zip Codes with Similar Populations
- 04628, ME: less expensive homes
- 66429, KS: equally priced homes
- 63434, MO: less expensive homes
- 63558, MO: less expensive homes
- 63663, MO: less expensive homes
- 64632, MO: less expensive homes
- 64650, MO: higher priced homes
- 64689, MO: higher priced homes
- 64830, MO: less expensive homes
- 65609, MO: less expensive homes
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