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These days, finding an affordable place to live in the 87901 area can be challenging. Home prices in 87901 are now at a median cost of $92,148, lower than the New Mexico average of $199,923.
The average cost of rent is $732/mo in 87901, primarily driven by the current value of real estate in the 87901 area. While nearly 57.81% of residents own their homes outright in 87901, 27.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87901 is $2,791 per month. Households that rent pay about 26.24% of their income on rent here. 87901's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 87935, NM: higher priced homes
- 87942, NM: higher priced homes
- 88352, NM: higher priced homes
- 88314, NM: higher priced homes
- 88025, NM: higher priced homes
- 88340, NM: less expensive homes
- 88051, NM: higher priced homes
- 85533, AZ: less expensive homes
- 85540, AZ: higher priced homes
- 88343, NM: higher priced homes
Zip Codes with Similar Populations
- 01860, MA: higher priced homes
- 14886, NY: higher priced homes
- 14132, NY: higher priced homes
- 80102, CO: higher priced homes
- 11560, NY: higher priced homes
- 07462, NJ: higher priced homes
- 04280, ME: higher priced homes
- 03873, NH: higher priced homes
- 02739, MA: higher priced homes
- 03841, NH: higher priced homes
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