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These days, finding an affordable place to live in the 87941 area can be challenging. Home prices in 87941 are now at a median cost of $56,400, lower than the New Mexico average of $199,923.
The average cost of rent is $435/mo in 87941, primarily driven by the current value of real estate in the 87941 area. While nearly 100.00% of residents own their homes outright in 87941, 40.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87941 is $1,579 per month. Households that rent pay about 27.55% of their income on rent here. 87941's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 87936, NM: equally priced homes
- 87937, NM: higher priced homes
- 87933, NM: higher priced homes
- 87940, NM: equally priced homes
- 87930, NM: higher priced homes
- 88042, NM: higher priced homes
- 88034, NM: higher priced homes
- 88041, NM: higher priced homes
- 88049, NM: higher priced homes
- 88043, NM: higher priced homes
Zip Codes with Similar Populations
- 70729, LA: higher priced homes
- 63855, MO: higher priced homes
- 64018, MO: higher priced homes
- 64035, MO: higher priced homes
- 66097, KS: higher priced homes
- 66724, KS: higher priced homes
- 68034, NE: higher priced homes
- 68423, NE: higher priced homes
- 68716, NE: higher priced homes
- 62853, IL: higher priced homes
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