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Affordable
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These days, finding an affordable place to live in the 87828 area can be challenging. Home prices in 87828 are now at a median cost of $159,288, lower than the New Mexico average of $265,486.
The average cost of rent is $687/mo in 87828, primarily driven by the current value of real estate in the 87828 area. In 87828, 5.15% of households rent, and 70.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 87828 is $3,410 per month. Households that rent pay about 20.15% of their income on rent here. 87828’s most expensive areas are in the western regions, while the cheapest areas are in the central 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
- 87831, NM: higher priced homes
- 87823, NM: equally priced homes
- 87028, NM: higher priced homes
- 87825, NM: equally priced homes
- 88318, NM: higher priced homes
- 87829, NM: higher priced homes
- 85938, AZ: higher priced homes
- 85925, AZ: higher priced homes
- 85940, AZ: higher priced homes
- 85935, AZ: higher priced homes
Zip Codes with Similar Populations
- 24377, VA: less expensive homes
- 87569, NM: higher priced homes
- 25148, WV: less expensive homes
- 25036, WV: less expensive homes
- 25028, WV: less expensive homes
- 24974, WV: equally priced homes
- 24866, WV: less expensive homes
- 24847, WV: less expensive homes
- 24846, WV: less expensive homes
- 24834, WV: less expensive homes
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