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Expensive
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These days, finding an affordable place to live in the 87931 area can be challenging. Home prices in 87931 are now at a median cost of $167,850, lower than the New Mexico average of $199,923.
The average cost of rent is $573/mo in 87931, primarily driven by the current value of real estate in the 87931 area. While nearly 68.47% of residents own their homes outright in 87931, 14.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87931 is $3,202 per month. Households that rent pay about 17.91% of their income on rent here. 87931's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 87930, NM: higher priced homes
- 87942, NM: less expensive homes
- 88042, NM: higher priced homes
- 88041, NM: less expensive homes
- 88049, NM: equally priced homes
- 88053, NM: higher priced homes
- 88038, NM: higher priced homes
- 88330, NM: less expensive homes
- 88028, NM: equally priced homes
- 88352, NM: less expensive homes
Zip Codes with Similar Populations
- 04481, ME: equally priced homes
- 05772, VT: higher priced homes
- 68757, NE: less expensive homes
- 66779, KS: less expensive homes
- 67047, KS: less expensive homes
- 67127, KS: less expensive homes
- 67466, KS: less expensive homes
- 67481, KS: less expensive homes
- 67731, KS: less expensive homes
- 68020, NE: less expensive homes
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