Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 87937 area can be challenging. Home prices in 87937 are now at a median cost of $86,259, lower than the New Mexico average of $199,923.
The average cost of rent is $419/mo in 87937, primarily driven by the current value of real estate in the 87937 area. While nearly 74.42% of residents own their homes outright in 87937, 19.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87937 is $3,002 per month. Households that rent pay about 13.96% of their income on rent here. 87937's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 87941, NM: less expensive homes
- 87940, NM: less expensive homes
- 87936, NM: less expensive homes
- 87933, NM: higher priced homes
- 88034, NM: less expensive homes
- 88043, NM: equally priced homes
- 88023, NM: equally priced homes
- 88026, NM: equally priced homes
- 88022, NM: higher priced homes
- 88061, NM: higher priced homes
Zip Codes with Similar Populations
- 35576, AL: higher priced homes
- 65231, MO: higher priced homes
- 71770, AR: less expensive homes
- 73102, OK: higher priced homes
- 75833, TX: higher priced homes
- 78373, TX: higher priced homes
- 79567, TX: higher priced homes
- 81432, CO: higher priced homes
- 85542, AZ: less expensive homes
- 38738, MS: higher priced homes
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